SpaceX at $135...Insanity.

I didn't even have to read the Morningstar report, when I saw the almost 2 trillion valuation with a 135 share price and 30% retail participation, I froze. All I could think about are all the people that will be wiped out.😞

"Morningstar’s equity analysts have mapped out an exact, mathematically driven blueprint of what a realistic share price looks like for SpaceX.

​According to their formal equity research report released this week, Morningstar pegs the realistic Fair Value Estimate for SpaceX at exactly $63.00 per share.

​At $63 a share, the company's realistic valuation drops from its $1.75 trillion IPO launch price down to roughly $780 billion to $830 billion—representing a severe 53% discount from the $135 price investors are paying tomorrow."

Sources:

https://www.morningstar.com/stocks/why-we-think-spacex-ipo-is-overvalued?hl=en-US