SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved

SpaceX is reportedly planning a massive initial public offering (IPO) with a target price of $135 per share, aiming to raise a staggering $75 billion and value the company at around $1.75 trillion. This move comes amidst a clash between Elon Musk and media outlets, including a denial of previous reports about cutting the IPO valuation. However, Morningstar suggests that the valuation should be halved, indicating potential skepticism about the company's financial health and market performance. This IPO could set a new benchmark in the private space industry, but the differing valuations highlight underlying concerns about the company's future prospects.