Why does analyst Cory Johnson think the price is overvalued?

Because the future projections needed to justify the current price are overly optimistic.

What are SpaceX's main business segments?

They include launch services, Starlink, and Starship.

SpaceX IPO Buyers Bet on an Idea, Not a Business

SpaceX is set to go public at $135 per share, but analyst Cory Johnson argues that buyers are betting on a future idea rather than an established business.

June 11, 2026

2 min read

Source: Yahoo Finance Video

Key Numbers

proposed ipo price

$135

SpaceX (SPCX) is preparing for its initial public offering (IPO) at a proposed price of $135 per share, sparking debate over the company's fair valuation. In an interview with Yahoo Finance's Market Catalysts, strategist Cory Johnson warned that this price reflects overly optimistic future expectations.

SpaceX Valuation Overview

Johnson, Chief Market Strategist at Epistrophy Capital Research and host of The Drill Down podcast, believes that IPO buyers are betting on an idea rather than a business. He stated, "Projections out to the future to get to today's price are really optimistic."

SpaceX Business Segments

SpaceX operates through several key segments:

Launch Services: Launching satellites and payloads into space.
Starlink: Satellite internet service.
Starship: Reusable spacecraft.

What This Means for Investors

Despite SpaceX's technological achievements, its $135 per share valuation may be stretched according to Johnson. Potential investors should weigh future potential against the risks of a high valuation.

Frequently Asked Questions

The proposed price is $135 per share.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.