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SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later | Fortune
A top analyst says its IPO is overvalued and the best buying opportunity may come after insiders get the chance to sell.
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investors.com
Analyst Brings SpaceX Valuation Down To Earth
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.
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qz.com
Morningstar values SpaceX at $780 billion, below IPO target
The research firm says SpaceX has been significantly overvalued and warns investors to wait for better prices after the debut
