SpaceX’s two lead underwriters have a $1 trillion chasm in their valuation as quiet period ends

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The Ratings Game
SpaceX’s two lead underwriters have a $1 trillion chasm in their valuation as quiet period ends
Morgan Stanley sets $300 price target on Space as Goldman Sachs arrives at $205
The two lead underwriters on SpaceX’s initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both initiated coverage at the equivalent of buy.
Goldman Sachs analysts led by Eric Sheridan set a price target of $205 on the rocket-launching company, while Morgan Stanley analysts led by Adam Jonas set a $300 target, as the 25-day quiet period expired for SpaceX’s underwriters.
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Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

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