Morningstar analysts believe SpaceX is “significantly overvalued” ahead of its blockbuster IPO.
The analysts say xAI poses a “material threat of value destruction” to the company, with its “economic moat indeterminate.”
Morningstar values SpaceX at $780 billion, which is roughly 48% below its private market valuation of $1.5 trillion.
So, not even a pump-and-dump. Just a straight dump. Here’s a magic trick that turns $100 into $10 virtually overnight!
And thanks to Banksters all standard people will pay the bill. Through the ETF „we pay IPO price“ scam
Can you explain what you mean? Sorry I’m not familiar with how ETF relates to this news. I’m learning a lot in this thread…
https://medium.com/the-investors-handbook/the-spacex-openai-ipo-wave-a-once-in-a-decade-wealth-shift-108044b270e3
Short: Hands off SP500 and Nasdaq ETF as they will buy the three mega IPO to list price, even though their guardrails say only stocks that are one year in market at least. For their uberrich buddies the bankster stretch the rules. Typically, the IPO list price is fantasy and the price goes down first months. In essence, all ETF holder gets a devaluation through this, meaning a money transfer from standard peole to the uberrich billionaires. I moved to SP500 small&med cap ETF.