Morningstar
Coverage of Morningstar in the Nexus archive.
- Morgan Stanley is riding high on the IPO boom with 70% of the top 100 unicorns in its pipeline, CFO says
Morgan Stanley reported a 27% revenue increase to $21.3 billion in Q2, driven by investment banking and trading growth. The firm leverages corporate relationships from underwriting deals like SpaceX’s IPO to build long-term wealth management relationships, securing 70% of the top 100 unicorns in its pipeline. Record $148 billion in net new assets highlights its strategy of converting IPO clients into recurring fee-based revenue.
- You just retired (or are about to). Now what?
Retirees and pre-retirees face challenges from inflation and economic uncertainty, emphasizing the need to adjust spending rates, prioritize safer assets, and optimize Social Security strategies. Morningstar research highlights that early portfolio losses in retirement increase the risk of depleting savings, while strategies like 'catch-up contributions' and the 'Bucket approach' can mitigate these risks.
- You just retired (or are about to). Now what?
Retirees and soon-to-retire individuals face challenges from inflation and economic uncertainty, particularly sequence-of-returns risk where early market downturns threaten long-term portfolio sustainability. Strategies to mitigate this include adjusting spending, prioritizing safer assets for cash flow, maximizing savings through catch-up contributions, and delaying Social Security to secure inflation-protected income.
- You just retired (or are about to). Now what?
Retirees and near-retirees face challenges from inflation and economic uncertainty, emphasizing the need to adjust spending rates, prioritize safer assets for cash flows, and optimize Social Security benefits to mitigate sequence-of-returns risk. Strategies include forgoing inflation adjustments during market downturns, maximizing savings through catch-up contributions, and adjusting portfolio allocations to preserve long-term income.
- You can ignore AI giants like SpaceX, but your 401(k) won't
SpaceX's stock surged 19.2% in its Wall Street debut, valuing the company at $2.1 trillion, potentially leading to its inclusion in major stock indexes. This impacts 401(k) investors as index funds, which now hold more U.S. investments than actively managed funds, track these indexes, with 21% of actively managed funds surviving and outperforming benchmarks over the last decade.
- SpaceX soars 25% in Wall Street debut and makes Elon Musk the first trillionaire
SpaceX's shares surged 25% in their Wall Street debut, giving the company a $2.21 trillion valuation and making Elon Musk the first trillionaire. The IPO raised $75 billion, but analysts at Morningstar called the valuation 'significantly overvalued' at $780 billion, citing SpaceX's $8.7 billion loss between 2025 and 2026.
- SpaceX soars 23% in Wall Street debut and makes Elon Musk the first trillionaire
SpaceX's shares surged 23% in their Wall Street debut, giving the company a $2.18 trillion market value and making Elon Musk the first-ever trillionaire. The IPO raised $75 billion, surpassing Saudi Aramco's 2019 record, as investors backed SpaceX's ambitious goals for space colonization and AI advancements despite the company's $8.7 billion loss in the past year.
- For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO
SpaceX CFO Bret Johnsen has focused on securing launch capabilities and reducing orbital costs, while Starlink now serves 10 million customers across 160 countries. The company’s $75 billion IPO values it at $1.8 trillion, but CFO Johnsen faces challenges in proving the value of SpaceX’s conglomerate structure to investors.
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
Leading AI companies like SpaceX, Anthropic, and OpenAI are preparing for high-valuation IPOs in 2024. SpaceX plans a $75 billion IPO after merging with xAI, raising concerns about an AI bubble despite market enthusiasm.
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
Leading AI companies like SpaceX, Anthropic, and OpenAI are preparing for high-valuation IPOs, with SpaceX planning a $75 billion offering that could surpass Saudi Aramco's 2019 record. Despite significant operational losses, market excitement drives these public debuts, though concerns about an AI bubble persist.
- How can I illustrate our financial position to a spouse who shows little interest?
A reader seeks advice on engaging a spouse with little interest in their financial situation, suggesting visual tools like charts or graphs. The article recommends online financial visualization tools (e.g., Morningstar, Schwab, Vanguard) and mind maps to simplify financial discussions. It also emphasizes creating a shared net worth statement and annual updates to foster joint financial awareness.
- How can I illustrate our financial position to a spouse who shows little interest?
A reader seeks advice on sharing financial information with a spouse who shows little interest. The article suggests using visual tools like graphs, online portfolio analyzers (e.g., Morningstar, Schwab, Vanguard), and mind maps to illustrate financial positions, along with annual net worth statements to improve communication and shared understanding.
- SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
Morningstar estimates SpaceX's valuation is less than half of its $1.75 trillion IPO target. Analysts assess xAI's economic moat as indeterminate with a wide range of possibilities.
- Morningstar values SpaceX at $780B, half its IPO target
Morningstar has valued SpaceX at $780 billion, which is half of its initial public offering (IPO) target. The valuation reflects a significant adjustment from SpaceX's previously projected IPO valuation.