Episode
SpaceX Only Worth $750 Billion, Not $1.7 Trillion
- Podcast
- Good Revenue News
- Published
- Jun 5, 2026
- Duration seconds
- 1217
- Processing state
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- https://shows.acast.com/good-revenue/episodes/spacex-wants-2-trillion-morningstar-says-750-billion
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Summary
Morningstar just cut SpaceX's valuation nearly in half. SpaceX & Elon Musk are undaunted, forcing a fixed price for shares instead of acknowledging real investor demand, or the lack thereof. Because the real secret is that index investors are already strapped in for a very bumpy ride on a corporate conglomerate with no oversight and precious little revenue. We break down what's really happening with SpaceX, and what it might mean for public markets. CHAPTERS 00:00 SpaceX IPO overview and Morningstar's valuation cut 01:17 Target raise, share price, and retail allocation 03:33 Banker fees and Morningstar's buy timing warning 04:23 Revenue breakdown: Starlink, rockets, and xAI losses 05:07 How index funds may force SpaceX onto passive investors 07:10 IPO market capacity and Scott Galloway on the chump train 09:25 Dual-class voting and Musk's perpetual control 10:40 No independent board mandate 11:11 The three business units analyzed 13:28 The weirder S-1 details: Mars bonus, Bitcoin, Cybertrucks, orbital data centers 16:09 Starlink satellite lifespan and depreciation risk 17:10 The quiet period Musk is ignoring and the Anthropic compute deald IF YOU LIKED THIS, WATCH: → Anthropic Kicks Off IPO Process: https://youtu.be/bz5fsLTSUiU → Ferrari Fail, EV Win: https://youtu.be/6sw-5mSt-Oo → SpaceX Highjacks Your 401K: https://youtu.be/Cu2uxh6noc8 SOURCES & FURTHER READING S 1 Filing Financials and Key Takeaways * Full SpaceX S 1 filing breakdown risks revenue and disclosures: https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm * Biggest revelations from the SpaceX IPO filing investors should watch: https://www.wsj.com/business/spacex-ipo-takeaways-cea33689?mod=WTRN_pos5 * SpaceX financial charts explained revenue growth marg…