Morningstar

“Morningstar says it is worth $63... SpaceX's actual revenue, losses, and what the business really generates... The honest valuation debate: $2 trillion or $63?”

“After expectations of a $2 trillion valuation circulated widely, the company said last week that it planned to price at $135 a share (or $1.75 trillion in valuation)... Meanwhile, Morningstar (which owns PitchBook) valued the company at $780 billion, or just $63 per share.”

“Loan pricing in the Morningstar LSTA US Leveraged Loan Index is signaling a six-month forward default rate of 1.86% as of November, up from 1.42% in May. The rate remains low in absolute terms, but the upward trajectory may be an early sign of stress in the leveraged loan market.”