SpaceX valued at just $780 billion by Morningstar, less than half its IPO target

SpaceX just got slapped with a bearish valuation ahead of its monster IPO coming up later this month. The report signals that one of the most anticipated offerings in years may be significantly overpriced, just as CEO Elon Musk tries to justify the valuation. This again shows (long-term) investors really SHOULD NOT buy this stock in the first 6 months. Don't forget private venture funds in those first 6 months will be able to DUMP their stock in multiple phases which could create a slow (or fast