SpaceX is targeting a $1.8 trillion valuation with its initial public offering. Musk himself believes he might extract $2 trillion from the gullible.
Analysts Morningstar have just thrown a massive spanner in the works by issuing a valuation of just $780 billion.
They say SpaceX is overvalued and cite the dual class of shares, which give Musk control over 85% of the votes, as well as his multiple conflicts of interest. They didn't have to mention Musk's fascism or his ketamine habit, because everybody knows already.
Morningstar predicts better "opportunities" for investors in the months after the IPO, once existing shareholders start ditching stock.
https://global.morningstar.com/en-nd/stocks/spacex-ipo-investors-long-list-unfriendly-shareholder-policies#musks-potential-conflicts-of-interest
#Musk #SpaceX #Morningstar #IPO
Analysts Morningstar have just thrown a massive spanner in the works by issuing a valuation of just $780 billion.
They say SpaceX is overvalued and cite the dual class of shares, which give Musk control over 85% of the votes, as well as his multiple conflicts of interest. They didn't have to mention Musk's fascism or his ketamine habit, because everybody knows already.
Morningstar predicts better "opportunities" for investors in the months after the IPO, once existing shareholders start ditching stock.
https://global.morningstar.com/en-nd/stocks/spacex-ipo-investors-long-list-unfriendly-shareholder-policies#musks-potential-conflicts-of-interest
#Musk #SpaceX #Morningstar #IPO
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