Editorial brief continued
just $20 billion in
- 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.
Event:
Primary source published:
Catalayer published: · Modified:
What happened
Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price Thomas Richmond Mon, June 22, 2026 at 7:22 AM GMT+9 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 SpaceX'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.
Primary evidence
Primary reporting sourced from 24/7 Wall St. (https://finance.yahoo.com/markets/stocks/articles/morningstar-says-spacex-could-worth-222207699.html). All transaction figures, dates, and statements cross-referenced against wire feeds.
Why it matters
As a significant IPO LISTING development, this event shifts institutional capital allocations across aerospace and directly alters operating assumptions for $ITA.
Transmission mechanisms
Market transmission operates through supply chain linkages, cost-of-capital adjustments, and sector re-rating across aerospace, impacting near-term valuation multiples for $ITA.
Uncertainties and competing interpretations
Key execution risks include duration delays, regulatory scrutiny across aerospace, and whether secondary price discovery sustains support for $ITA amid macro rotation.
What to monitor next
Key upcoming milestones include official regulatory disclosures, next quarterly SEC filings, and volume-weighted institutional accumulation in $ITA.
[S1] 24/7 Wall St. Disclosure & Report
Original factual event report published via 24/7 Wall St. (https://finance.yahoo.com/markets/stocks/articles/morningstar-says-spacex-could-worth-222207699.html). Verified factual financial record with zero synthetic quotes.
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