Morningstar: SpaceX's target valuation is too high, the actual valuation may be less than half of the target.

Elon Musk's aerospace and artificial intelligence company SpaceX is expected to conduct an unprecedented IPO later this month, with reports suggesting the company's anticipated valuation will reach $1.75 trillion. However, Morningstar bluntly stated that SpaceX's target valuation is too high, and the actual valuation may be less than half of the target valuation. Morningstar analyst Nicolas Owens' discounted cash flow model predicts that SpaceX's valuation is only $780 billion, with the space launch and Starlink internet services valued at $611 billion, and the artificial intelligence business valued at only around $170 billion. In short: investors should not buy SpaceX stock at the IPO price.