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Elon Musk’s SpaceX Heads for Record $1.78tn IPO Amid Overvaluation Concerns

SpaceX IPO reaches record $1.78tn valuation ($75 billion offering), but Morningstar calculates intrinsic value at $63/share versus $135 pricing—major disconnect signals excessive speculation. For tech leaders, the valuation gap signals risks in betting on hyper-speculative cap structures; untested AI and orbital infrastructure plays warrant strict due diligence before budget/partnership commits.