Morningstar Valuation Suggests SPCX May Fall Below $875 Billion
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMorningstar analysts indicate that SpaceX (SPCX), valued at approximately $2.44 trillion, could be worth less than half its $1.75 trillion IPO price due to $20 billion in revenue and no profitability. The company has a forward P/E ratio considerably higher than industry norms, raising skepticism about its valuation. In contrast, RTX is valued at $250 billion with a forward P/E of 27 and a significant backlog. Historical data shows that many IPOs may decline by as much as 55% in their first year, suggesting potential risks for SPCX's investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About RTX Corporation (RTX)
RTX (formerly Raytheon) is a major aerospace and defense contractor spanning Pratt & Whitney, Collins Aerospace, and Raytheon.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier RTX news
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- RTX (Raytheon) and Lockheed Martin Lead Defense Earnings Reports
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- RTX Growth Driven by Increased Defense Demand Amid Iran Wars
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