Research house Morningstar says Elon Musk’s company is worth $US780 billion and has warned against buying into the stock, at least for the first few months.

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

Until the IPO, which is expected on June 12, the only people who can buy SpaceX shares directly are large financial players such as banks and pension funds | World News