20:43
2026-06-03
fortune.com
ai-startups
SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later
SpaceX is set to debut as one of the largest IPOs in history with a $1.75 trillion valuation on June 12, but Morningstar analyst Nicholas Owens values the company at just $780 billion—55% below the ta…