Analysts challenge SpaceX's $1.77 trillion IPO valuation

SpaceX targets $1.77 trillion valuation for its IPO, aiming to raise at least $75 billion. Morningstar estimates its fair value at $780 billion, citing $611 billion for Starlink and $170 billion in AI scenarios. The company's valuation exceeds Tesla's, making it the seventh-largest U.S. firm. Analysts warn of overvaluation, urging investors to wait for post-IPO price drops.