SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
Morningstar analysts have expressed concerns that SpaceX is significantly overvalued ahead of its upcoming IPO. They estimate the company's value at $780 billion, which is about 48% lower than its private market valuation of $1.5 trillion. The analysts suggest that while the IPO may attract initial investor interest, better opportunities for investment may arise in the future.
- ▪SpaceX is targeting a $75 billion fundraise and a valuation of $1.75 trillion for its IPO.
- ▪Morningstar's valuation of SpaceX is $780 billion, significantly lower than its private market valuation.
- ▪The company has recorded substantial net losses, including $4.28 billion in the latest quarter.
2 outlets in our directory ran this story. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ SpaceX valued at just $780 billion by Morningstar, less than half its IPO target — r/wallstreetbets
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| Original publisher | CNBC — Tech |
| Canonical URL | https://www.cnbc.com/2026/06/03/morningstar-spacex-ipo-target-price-nasdaq.html |
| Publication time | Wed, 03 Jun 2026 09:19:45 GMT |
| Retrieval time | 2026-06-03T09:27:00.388Z |
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| Cluster | vRl4mPikAP6i · 2 stories |
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Opening excerpt (first ~120 words) tap to expand
SpaceX is expected to start trading on the Nasdaq in just over two weeks, but Morningstar analysts have warned that Elon Musk's tech behemoth is "significantly overvalued."The hotly-anticipated debut is expected to be the largest ever initial public offering, with SpaceX reportedly targeting a $75 billion fundraise and a valuation of $1.75 trillion."We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO," Morningstar analysts wrote in a note published Monday. The analysts see a wide range of possibilities for the potential profitability of SpaceX's xAI and find its "economic moat indeterminate." They view the unit as posing a "material threat of value destruction" to the company.
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