- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
Morningstar analysts believe SpaceX is “significantly overvalued” ahead of its blockbuster IPO.
The analysts say xAI poses a “material threat of value destruction” to the company, with its “economic moat indeterminate.”
Morningstar values SpaceX at $780 billion, which is roughly 48% below its private market valuation of $1.5 trillion.
almost every ipo in the millenia has been overvalued. All the value of stocks even actively is based on some actual future theoretcial value but once its on the books it just becomes the value. P/E and P/B be damed.