The company's valuation exceeds most other mega-caps, and the economics around its xAI platform and technologies like orbital data centres are uncertain, Morningstar analysts said in a recent note

SpaceX IPO: At roughly 110 times trailing sales, Elon Musk-led company's valuation assumes years of rapid growth, raising the stakes for investors if the company falls short of…

Analyst says IPO looks ‘like a way to lure unsuspecting investors into paying off’ debt, ‘fund an increasingly costly AI race and lock in a trillion-dollar pay day’