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   SpaceX lists today. Here's what it's actually worth |
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                      SpaceX goes public today, and its share price could go anywhere.
                     </p>
                     <p style="margin:0">
                      At $135 a share, Wall Street is valuing a not-yet-profitable company at $1.8 trillion -- 92 times sales. Morningstar, for one, reckons it's worth closer to $780 billion. That's a gap you could fly a Starship through.
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                      Whether you're holding an allocation or just watching the fireworks, the most important thing to know right now is
                      <a rel="noopener" style="text-decoration: underline; color: #ff4f00;" target="_blank">
                       what SpaceX is
                       <strong>
                        <em>
                         actually
                        </em>
                       </strong>
                       worth
                      </a>
                      . That way you know when to take some profit if it rips, and when to buy in if it tumbles.
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      Our analyst Reda Farran has rebuilt his valuation model on the back of the prospectus and landed on his own figure.
                     </p>
                     <p style="margin:0">
                      <strong>
                       <a rel="noopener" style="text-decoration: underline; color: #ff4f00;" target="_blank">
                        See what SpaceX is worth
                       </a>
                      </strong>
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