• 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.

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[–] 23 points 3 months ago (2 children)

It has a shitty LLM company attached, so that magically makes it one of the most valuable companies in the world!

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