SpaceX is Worth Less Than Half of its $1.75 trillion IPO Target: Analysts

Thursday, June 04, 2026

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."

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SpaceX valued at just $780 billion by Morningstar, less than half its IPO target "We think the company has been significantly overvalued," Morningstar's analyst wrote. finance.yahoo.com/markets/arti ...

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-- Christopher Mims (@mims.bsky.social) 7:13 AM Â· Jun 3, 2026

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