Morningstar says SpaceX should be valued nearly 50% lower than what the market is estimating

TL;DR

Reports differ across sources; according to cnbc.com, spaceX is expected to start trading on the Nasdaq in just over two weeks, but Morningstar analysts have warned that Elon Musk's tech behemoth is "significantly overvalued." "We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO," Morningstar analysts wrote in a note published Monday.