SpaceX may ultimately be remembered as a referendum on the AI bull market itself.

Will it show insatiable retail demand...or mark an AI bubble top?

I invited Jonathan Rose to explain his thoughts, using the collapse of Figma stock after its IPO as the blueprint.

New index fund rules could mean ordinary investors end up owning a piece of SpaceX whether they want to or not.

SpaceX plans to go public as early as this month in what's expected to be the biggest IPO in history. Morningstar put the valuation at $780 billion.

The companies driving artificial intelligence need access to ever-increasing amounts of capital at ever-increasing valuations. That makes them vulnerable.

June 2 : Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering,…

The research firm says SpaceX has been significantly overvalued and warns investors to wait for better prices after the debut

This assessment comes ahead of a planned roadshow scheduled for this week

SpaceX may ultimately be remembered as a referendum on the AI bull market itself.

SpaceX’s long-awaited IPO sparks a global scramble, from ETFs to secondary markets, as investors seek indirect access and question its $1.75 trillion valuation.

Morningstar analysts have valued Space X at $780bn (£579.9bn), a figure less than half of what the company is reportedly aiming for in its IPO

The analysts see a wide range of possibilities around xAI and find its "economic moat indeterminate."

By Joseph Adinolfi and William Gavin

Wedbush analyst Dan Ives sees the SpaceX IPO as a key moment for Wall Street that will lead to more high-profile public listings.