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Morningstar values SpaceX at $780 billion, half its IPO target
Morningstar values SpaceX at $780 billion, half its IPO target June 2 : Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering, ahead of a planned roadshow this week. Prospects for the company's artificial intelligence business, which includes xAI and social media platform X, were uncertain given unclear economics and competition from OpenAI and Anthropic, the research firm said....
SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
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...
Morningstar values SpaceX at $780B, half its IPO target
Article URL: https://www.reuters.com/business/media-telecom/morningstar-values-spacex-780-billion-half-its-ipo-target-2026-06-02/ Comments URL: https://news.ycombinator.com/item?id=48373909 Points: 62 # Comments: 35
European defense stocks are cooling off after the military spending boom. Here's what's next
European defense stocks enjoyed a bumper 2025, fueled by a sharp increase in state military spending targets in response to growing geopolitical instability. This year, however, the sector's fortunes have plateaued somewhat, with the Stoxx Europe Aerospace & Defence index down 1.2% year-to-date, compared with a 4.8% return in the broader Stoxx 600 index. But analysts see 2026 as a period of consolidation for the sector, in which bullishness over Europe's increased defense spending is...
Exclusive-SpaceX plans to price record-setting IPO at $135 per share, source says
Exclusive-SpaceX plans to price record-setting IPO at $135 per share, source says NEW YORK, June 2 : Elon Musk's SpaceX plans to price its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion in the largest IPO ever, a source familiar with the matter told Reuters. Reuters reported earlier on Tuesday that the rocket and satellite communications company hoped to raise at least $75 billion, at a valuation of $1.75 trillion. The listing leads a wave of...
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations - Bookmark Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to...
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts NEW YORK, June 9 : Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle. On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from a future slide in prices. With an estimated price-to-revenue multiple of 56, eye-popping even for the fastest-growing companies, and concerns about governance, it makes for a logical short bet.
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said.
Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test
Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test June 9 : SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors. The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it the seventh-biggest publicly traded U.S. company by market value. Musk's fans contend that his track record makes...
FPI profile: Foreign investors continue selling spree in May, pull out Rs 32,000 crore
Foreign Portfolio Investors (FPIs) continued to exit Indian equities in May, pulling out Rs 32,963 crore amid concerns over earnings growth, weakening rupee and better opportunities in overseas markets. Data from the NSDL showed that cumulative FPI outflows from Indian equities have now reached Rs 2.25 lakh crore in 2026. The figure has already surpassed the Rs 1.66 lakh crore withdrawn during the whole of 2025.