SpaceX heads for record $1.78tn float amid fears it is overvalued

Analysts say IPO that could make Elon Musk the world’s first trillionaire has a ‘major disconnect’ on price

https://www.theguardian.com/science/2026/jun/11/spacex-record-178tn-float-fears-overvalued-elon-musk-ipo

#TopNews #News #SpaceX #IPO #Morningstar

SpaceX is targeting a $1.8 trillion valuation with its initial public offering. Musk himself believes he might extract $2 trillion from the gullible.

Analysts Morningstar have just thrown a massive spanner in the works by issuing a valuation of just $780 billion.

They say SpaceX is overvalued and cite the dual class of shares, which give Musk control over 85% of the votes, as well as his multiple conflicts of interest. They didn't have to mention Musk's fascism or his ketamine habit, because everybody knows already.

Morningstar predicts better "opportunities" for investors in the months after the IPO, once existing shareholders start ditching stock.

https://global.morningstar.com/en-nd/stocks/spacex-ipo-investors-long-list-unfriendly-shareholder-policies#musks-potential-conflicts-of-interest

#Musk #SpaceX #Morningstar #IPO

Morningstar values SpaceX at $780B, half its IPO target

https://www.reuters.com/business/media-telecom/morningstar-values-spacex-780-billion-half-its-ipo-target-2026-06-02/

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US Top News and Analysis | China's Tencent sees boost from gaming, AI demand even as revenue comes in weaker than expected

AI generated summary, Read the full article for complete information.

Tencent reported a 9% rise in first‑quarter 2026 revenue to 196.5 billion yuan ($28.9 billion), falling short of analysts’ 199 billion‑yuan estimate. Domestic game revenue grew 6% to 45.4 billion yuan, slowing from the 24% jump a year earlier, largely due to the timing shift of Chinese New Year rather than demand weakness. The company highlighted “significant initial progress” on new AI products and the use of AI to boost its core businesses, with its fintech and business‑services segment generating 60 billion yuan, up from 55 billion the prior year, and cloud services rising 20% on strong AI‑related demand. An upgraded AI‑driven ad recommendation model lifted advertising revenue growth to 20%, showing that Tencent’s AI investments are already delivering returns.

Read more: https://www.cnbc.com/2026/05/13/tencent-q1-earnings-gaming-ai-demand-revenue-miss.html

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US Top News and Analysis | Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it

AI generated summary, Read the full article for complete information.

Blockworks, a crypto‑data startup, aims to become the “Morningstar” of digital assets by using proceeds from its latest Series A extension round—led by ParaFi Capital, Reciprocal Ventures, and supported by Coinbase Ventures—to acquire rivals and expand its platform for on‑chain assets such as cryptocurrencies, tokenized equities, commodities and real‑world assets. Co‑founder Jason Yanowitz says the crypto industry suffers a two‑sided trust problem: businesses have yet to earn institutional confidence, and investors lack reliable information to underwrite these assets. With annual recurring revenue reportedly surging over 500 % in the past year and revenue growth driven partly by its Digital Assets Summit events, Blockworks intends to fill the data‑research gap that traditional finance enjoys through firms like Morningstar, FactSet, Moody’s and S&P Global. By consolidating fragmented crypto‑data services into a single, high‑quality source, the company hopes to lower costs, improve risk management and accelerate broader adoption of tokenized assets.

Read more: https://www.cnbc.com/2026/04/29/blockworks-wants-to-become-the-crypto-equivalent-of-morningstar-how-it-plans-to-do-it.html

#Blockworks #Morningstar #JasonYanowitz #SEC