Search
Morningstar: SpaceX's Value Is Less Than Half of Its $1.75 Trillion IPO Target
2 hour ago /
Read about 0 minute
Author：小编
With just two weeks to go before SpaceX lists on Nasdaq, Morningstar analysts warn that its valuation is severely inflated. Despite plans to raise $75 billion with a target valuation of $1.75 trillion, which would make it the largest IPO in history, Morningstar believes its fair value is only $780 billion, less than half of the target. Analysts point out that while SpaceX's launch and satellite communications businesses have cost advantages, uncertainties in its artificial intelligence business limit its overall competitiveness, resulting in a narrow moat. Additionally, Musk's high-voting-power structure may harm minority shareholders' interests, further dragging down the valuation.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
