Morningstar values SpaceX at $780B, half its IPO target
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Re: Morningstar values SpaceX at $780B, half its IPO target
#2That's going to be interesting to see if others follow this as an anchor or buy more into the hype. Regardless it's still a large multiple of earnings...
Re: Morningstar values SpaceX at $780B, half its IPO target
#3As is the case with Elon's companies (and a bit of the market itself), it feels like any logical valuation has no impact on the actual stock price.
Re: Morningstar values SpaceX at $780B, half its IPO target
#4That's going to be interesting to see if others follow this as an anchor or buy more into the hype. Regardless it's still a large multiple of earnings...
There's a finite supply of space before we lock ourselves in with trash
Re: Morningstar values SpaceX at $780B, half its IPO target
#5While I love this, Morningstar isn't a fiduciary
Re: Morningstar values SpaceX at $780B, half its IPO target
#6Doesn't matter, as soon as they can they'll shove it into the indexes, meaning pension funds all over the world will be let holding the bag.
Re: Morningstar values SpaceX at $780B, half its IPO target
#7Which is still 10x what it is worth
Re: Morningstar values SpaceX at $780B, half its IPO target
#8As is the case with Elon's companies (and a bit of the market itself), it feels like any logical valuation has no impact on the actual stock price.
The market can stay insane longer than you can stay solvent.
In the short term the market is a popularity machine but in the long term it is a weighing machine.
Re: Morningstar values SpaceX at $780B, half its IPO target
#9Which is still 10x what it is worth
Based on what?
Re: Morningstar values SpaceX at $780B, half its IPO target
#10Doesn't matter, as soon as they can they'll shove it into the indexes, meaning pension funds all over the world will be let holding the bag.
I keep seeing this comment on all these spacex posts, can someone ELI5 to me why the pension funds are going to be forced to buy this? (do they not have free will on what they buy?)