Morningstar analysts believe SpaceX is “significantly overvalued” ahead of its blockbuster IPO.
The analysts say xAI poses a “material threat of value destruction” to the company, with its “economic moat indeterminate.”
Morningstar values SpaceX at $780 billion, which is roughly 48% below its private market valuation of $1.5 trillion.
Promising from a business perspective. Hughesnet was looking at a having a billion customers. SES looked poised to be the internet provider for Europe. Echostar exploded onto the scene. Teledesic, who back in the 90s pioneered the low orbit constellation you mentioned (possibly sent up with NASA’s VTVL rockets?), had a business plan that looks eerily similar to Starlink (speaking of, read up on all the people the Muskrat met with who pitched satellite internet, then he ditched them and did it “”“himself”“”) and was off to a solid start until dot.com crash wiped its funds and it fizzled. Yes, a lot of this was hype or promises of tech was nowhere near ready- “the future LOOKED bright”, not necessarily was.