SpaceX Earnings: Stock Significantly Overvalued as Massive AI Investments Outweigh Hefty Neocloud Rent
Morningstar maintains its $62 fair value estimate for SpaceX, despite a 92% revenue increase in Q2 driven by AI solutions. The company's stock is considered overvalued, trading at twice its fair value, as investors are seen to be factoring in overly optimistic scenarios for …