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by SilverElfin 6 days ago
Goldman is also the lead underwriter of the IPO as I recall, so their valuation analysis is a conflict of interest. See Morning Star, who values SpaceX as half the value they’re seeking:

https://www.morningstar.com/stocks/spacex-what-investors-nee...

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An aside, but I'm still amused that Morningstar Inc., the American financial services firm, shares a name with the Morning Star, a left-wing British daily newspaper originally founded in 1930 as the Daily Worker by the Communist Party of Great Britain.

(Also, y'know, synonymous with Lucifer).