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Morningstar warns SpaceX IPO price may drop nearly 50% from $135 debut valuation.

Market News
09 Jun 2026
Finbold
View Source
Bearish
pluang ai news

Morningstar projects that SpaceX's IPO stock price could fall about 48% from the $135 debut price, valuing the company around $70 per share based on a 'minimum viable product' scenario. This scenario assumes moderate success in orbital AI data centers and satellite operations generating $47 billion in annual revenue. While Morningstar assigns a 50% probability to this outcome, it also considers a bearish case with a 70% price drop and a bullish case with an 18.5% gain. Despite this caution, institutional optimism remains high, with firms like Morgan Stanley and Nvidia forecasting much higher valuations. SpaceX's IPO on June 12 is expected to see strong initial demand due to limited share float and inclusion in the Nasdaq-100, though questions remain about long-term price sustainability.

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