Morningstar DBRS & PitchBook Data

Morningstar DBRS: Morningstar DBRS's subsidiary, PitchBook Data, launched a new benchmarking solution, which could indirectly benefit Morningstar DBRS through enhanced product offerings and market reach in private capital markets.

PitchBook Data: PitchBook Data, a subsidiary of Morningstar DBRS, launched SPI Deal Benchmarking in partnership with StepStone Group, integrating institutional-grade data into its platform. This enhances PitchBook Data's offerings and strengthens its position as a private capital markets intelligence provider.

Morningstar DBRS: Morningstar DBRS is the parent company of PitchBook Data. This integration by PitchBook Data reflects positively on Morningstar's strategic investments in financial technology.

PitchBook Data: PitchBook Data announced a new federated Copilot connector with Microsoft, integrating its private capital market data into Microsoft 365 Copilot and Copilot in Excel. This expands PitchBook Data's reach and enhances its AI strategy, providing its users with seamless access to its data within Microsoft's productivity suite.

Morningstar DBRS: Morningstar DBRS>>> provided a contrarian valuation of SpaceX>>> at $780 billion, less than half of its target IPO valuation, citing concerns about its AI business and SpaceX — Starlink.

PitchBook Data: PitchBook Data raises concerns about the unproven nature of SpaceX's AI business, particularly orbital data centers, questioning their valuation.

Morningstar DBRS: Morningstar estimates SpaceX's fair value at $63 per share, significantly below current trading levels, indicating overvaluation.

PitchBook Data: PitchBook Data provided analysis on Kelly Loeffler's investments in SpaceX and Xai.