Prof G Markets · Thursday, July 16, 2026
Equity analyst Nicholas Owens from Morningstar, who was bearish on SpaceX prior to its IPO, reiterated his $62 price target for the stock. He explained that his valuation is based on a weighted average of three scenarios, with only a 7% probability assigned to the bull case that would reach higher valuations.
“Joining us to discuss SpaceX's decline, we're speaking with Nicholas Owens, equity analyst at Morningstar.”
“You published your SpaceX research before the IPO. You valued the company at $62 per share.”
“Only in the bull case do you get into the $130, $150, $160 range.”
“So that's where you get to a weighted average, fair value of $62.”