Space Exploration Technologies Corp Class A

SPCX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SpaceX Launches History's Largest IPO; Shares Overvalued

Nicolas Owens

Jun 12, 2026

SpaceX shares priced at $135 per share in an initial public offering. We think the shares are significantly overvalued given the wide range of likely financial outcomes.

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Space Exploration Technologies Corp Class A

SpaceX Launches History's Largest IPO; Shares Overvalued

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