Space Exploration Technologies Corp. Class A Common StockSpaceX IPO valued at $1.8T but Morningstar estimates fair value 66% below current price, creating mixed signals.
SpaceX, Anthropic, and OpenAI are among the most anticipated initial public offerings, with SpaceX already public and the other two having filed confidential S-1 documents. SpaceX priced its IPO at roughly $1.8 trillion and its valuation topped $2.4 trillion by June 19, 2026, though Morningstar estimates its fair value is about 66% below the current share price. Anthropic, developer of the Claude AI model, saw its revenue run rate exceed $47 billion as of May 28, 2026, and its valuation neared $1 trillion, while CNBC reported it could turn profitable in the second quarter of 2026. OpenAI, creator of ChatGPT, posted a loss of $38.5 billion on revenue of around $13.1 billion last year, according to leaked documents verified by the Financial Times, despite generating $2 billion in monthly revenue by March 2026. The article suggests Anthropic may be the best pick among the three, pending its planned valuation.
Space Exploration Technologies Corp. Class A Common StockSpaceX IPO valued at $1.8T but Morningstar estimates fair value 66% below current price, creating mixed signals.
Alphabet Inc Class C
NVIDIA Corporation
Morningstar IncMorningstar estimates SpaceX fair value is 66% below current price, implying overvaluation.
Anthropic's revenue run rate exceeded $47B and could turn profitable in Q2 2026, suggesting strong financial health.
OpenAI posted a $38.5B loss on $13.1B revenue last year, indicating poor financial performance.