Morningstar

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Morningstar, mentioned 39 times across podcast episodes and expert conversations analyzed by Sonic.

What Morningstar has said

Morningstar's valuation of SpaceX is based on a discounted cash flow model with forecasts extending to 2045.

neutral·Nicholas Owens

Morningstar's valuation model assigns only a 7% probability to its bull case scenario for SpaceX, which would value the stock in the $130 to $160 range.

bearish·Nicholas Owens

The economics of the satellite internet business may resemble the terrestrial telecommunications industry, where an efficient scale moat is eroded as more competitors enter the market.

bearish·Nicholas Owens

Morningstar's valuation of SpaceX is based on a discounted cash flow model with forecasts extending to 2045.

Expert perspectiveNicholas OwensJul 16

Morningstar's valuation model assigns only a 7% probability to its bull case scenario for SpaceX, which would value the stock in the $130 to $160 range.

Expert perspectiveNicholas OwensJul 16

The economics of the satellite internet business may resemble the terrestrial telecommunications industry, where an efficient scale moat is eroded as more competitors enter the market.

Expert perspectiveNicholas OwensJul 16

The medium case in Morningstar's valuation model values SpaceX at approximately $71 per share.

Expert perspectiveNicholas OwensJul 16

Morningstar's valuation model for SpaceX assigns only a 7% probability to its bull case scenario, which projects a share price in the $130-$160 range.

Expert perspectiveNicholas OwensJul 16

Morningstar's $62 per share valuation for SpaceX is a weighted average of bull, medium, and bear case scenarios.

Expert perspectiveNicholas OwensJul 16

Morningstar published research before the SpaceX IPO that valued the company at $62 per share.

Expert perspectiveEd ElsonJul 16

Morningstar adopted the "moat" framework as a core point of view to differentiate its equity research, which Pat Dorsey describes as a commodity.

Expert perspectivePat DorseyJul 6

The analysis at Morningstar found that most companies with sustainably high returns on capital derived their advantage from intangible assets, high customer switching costs, network effects, or scale ...

Expert perspectivePat DorseyJul 6

At Morningstar, Pat Dorsey's team analyzed historical data from the 1960s to identify companies that achieved over 15% returns on capital for more than 15 consecutive years.

Expert perspectivePat DorseyJul 6

Carl Richards cites Morningstar research which quantifies the investor "behavior gap" at approximately 80 to 100 basis points per year.

Expert perspectiveCarl RichardsJun 26

According to a Morningstar report, 42 stocks in the Morningstar Large Mid Market Index have more than doubled in the past year, which is more than twice the 10-year average.

Expert perspectiveBenJun 24

Morningstar assigned SpaceX a "narrow" economic moat rating overall because the competitive advantage of its AI business is considered indeterminate.

Expert perspectiveNicholas OwensJun 17

Nicholas Owens of Morningstar states that SpaceX's core rocket and satellite business has a significant cost advantage and is a decade ahead of competitors.

Expert perspectiveNicholas OwensJun 17

Morningstar's analysis assigns a 7% probability to the combined scenario of SpaceX achieving both a highly reusable Starship and compelling operating cost advantages for data centers in space.

Expert perspectiveNicholas OwensJun 17

Morningstar's valuation of SpaceX is composed of three separate analyses for its rocket business, Starlink, and its AI operations.

Expert perspectiveNicholas OwensJun 17

The acquisition of Cursor for $60 billion caused Morningstar to lower its fair value estimate for SpaceX from $63 to $62 per share.

Expert perspectiveNicholas OwensJun 17

Nicholas Owens of Morningstar believes investors are pricing in further options like a city on Mars, to which Morningstar does not ascribe a positive financial value.

Expert perspectiveNicholas OwensJun 17

Morningstar's "moonshot scenario" for SpaceX, which assumes a 100% probability of success for key initiatives, values the company at $169 per share.

Expert perspectiveNicholas OwensJun 17

Morningstar's valuation model values the rocket and Starlink segments of SpaceX's business at $611 billion, or approximately $40 per share.

Expert perspectiveNicholas OwensJun 17

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