Is SpaceX's $1.8 trillion valuation justified?

Morningstar analysts say SpaceX is significantly overvalued, estimating the company’s fair value at $780 billion and suggesting investors may get a better entry point after the IPO. The note is a bearish valuation call rather than a business update, so it is likely to influence sentiment more than near-term fundamentals.

Analysis

Morningstar analysts say SpaceX is significantly overvalued, estimating the company’s fair value at $780 billion and suggesting investors may get a better entry point after the IPO. The note is a bearish valuation call rather than a business update, so it is likely to influence sentiment more than near-term fundamentals.