00:00It's Benzinga bringing Wall Street to Main Street.
00:03Morningstar analysts warned that SpaceX is overvalued ahead of its expected Nasdaq debut
00:08in just over two weeks, according to CNBC. Morningstar advised retail investors to wait
00:13for better entry points after the IPO, saying long-term investors will find more opportunities
00:18with a greater margin of safety post-flotation. The firm's discounted cash flow valuation
00:24put SpaceX at $780 billion, roughly 48% below its private market valuation of $1.5 trillion.
00:33The company posted a net loss of $4.28 billion in its latest quarter.
00:38Its Starlink arm generated $3.26 billion in revenue, making up 69% of total revenue
00:44and the only profitable segment. SpaceX's S1 filing states the company has a history of net losses
00:49and may not reach profitability. For all things money, visit Benzinga.com.
00:54www.feyyaz.tv
Comments