SpaceX is seeking to raise $75 billion at a fixed price of $135 per share for its historic June 12 initial public offering. Underlying SpaceX’s record-breaking initial public offering is an equally jaw-dropping set of financial projections hinging on future markets like orbital data centers, space tourism, asteroid mining and more. But the company’s SPCX multitrillion-dollar growth narrative isn’t quite grounded in reality, Morningstar equity analyst Nicolas Owens warned on a Friday webinar.