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1.75 trillion vs 780 billion, such a huge valuation gap, how should SpaceX's pitch story be told to get institutional investors to buy in?
Author: Claude, Deep Tide TechFlow
Deep Tide Guide: SpaceX roadshow kicks off this week, but Morningstar was the first to pour cold water. This research firm used a DCF model to estimate a fair value of $780 billion, only 45% of SpaceX's target valuation of $1.75 trillion. The analyst bluntly stated that "the company is seriously overvalued." Morningstar valued the core launch and Starlink business at $611 billion, and assigned a probabilistic weighted valuation of only $170 billion to AI-related businesses associated with xAI. However, Morningstar also acknowledged that, with extremely low liquidity and the Nasdaq 100's rapid inclusion mechanism, SpaceX's stock price could still rise in the short term.
SpaceX is about to迎来可能是史上规模最大的