SpaceX is worth less than half its IPO target price, Morningstar says
A fleet of Tesla Cybertrucks sits outside the Starbase Build Site at SpaceX’s South Texas testing facility on Feb. 6, 2026. Reginald Mathalone | Nurphoto | Getty Images 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.”…