The buying behavior of these well-known hedge funds is seen by some market observers as a potential buy signal. However, Morningstar's fair value target for SpaceX is $62, implying more than 50% downside from its current price (slightly above its IPO price of $135). Analysts' price targets for SpaceX vary widely, from $800 to double digits, reflecting deep divisions in the market's valuation of Musk's $1.89 trillion space and AI giant.