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Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price
Key takeaways
- RTX trades at $250 billion with a forward P/E of 27 and a $271 billion backlog, making Space X s ask a valuation multiple with no aerospace precedent.
- Google s reported $1 billion monthly compute contract and Starlink s 9,600-satellite network across 164 countries form the bull case for closing the valuation gap.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn t make the cut.
Morningstar Says Space X Could Be Worth Less Than Half Its $1.75 Trillion IPO Price Thomas Richmond Mon, June 22, 2026 at 5:22 AM GMT+7 4 min read SPCX GOOG RTX NVDA Quick Read Morningstar flags SPCX could be worth less than half its $1.75 trillion IPO price, as the company posts just $20 billion in revenue with zero profitability.
RTX trades at $250 billion with a forward P/E of 27 and a $271 billion backlog, making Space X s ask a valuation multiple with no aerospace precedent.
Google s reported $1 billion monthly compute contract and Starlink s 9,600-satellite network across 164 countries form the bull case for closing the valuation gap.
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