Space X bumps back to earth as analysts slash value

City AM — Jun 03, 06:49 AM

Morningstar have slashed Space X's valuatiuon https://www.cityam.com/wp-content/uploads/2026/05/Elon-Musks-SpaceX-is-Scottish-Mortgages-largest-holding.jpg?w=1107" />

Morningstar analysts have valued Space X at $780bn (£579.9bn), a figure less than half of what the company is reportedly aiming for in its upcoming initial public offering.

The valuation comes roughly 48 per cent below its private market valuation, with Elon Musk’s company looking for a valuation between $1.7 trillion and $2 trillion.

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