Story
We Think the SpaceX IPO Is Overvalued
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1 discussion
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Overview
Morningstar values SpaceX at $63 per share, indicating a 53% discount to the upcoming IPO's offering price. Optimistic forecasts suggest that only the most favorable scenarios approach the IPO valuation.
Summary from morningstar.com.
Reports
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morningstar.com
We Think the SpaceX IPO Is Overvalued
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Community reactions
Each reaction summarizes sampled comments from the linked discussion.
Hacker News · morningstar.com
Hacker News discussion ↗
Historical count: 5 · 5 saved in sample · Historical sample
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Based on 5 sampled comments from this thread. Analyzed 2026-06-09.
- Praise: The potential for rapidly reusable Starship rockets could revolutionize space logistics, enabling multiple launches per week and significantly reducing costs for future missions.
- Praise: If SpaceX successfully commercializes data centers in space, it could open new frontiers for data processing and storage, potentially enhancing AI capabilities in a secure environment.
- Concern: The governance structure, with Musk holding over 85% voting power, raises serious concerns about accountability and the long-term interests of public shareholders.
- Concern: The concept of orbital data centers seems impractical without major technological breakthroughs, as the physics involved presents significant challenges that may not be surmountable.