Leading up to SpaceX's IPO last Friday, Morningstar analysts said the company's fair value was about 50% lower than its valuation. After its first three trading days, which saw SpaceX soar 49% to $201.68 a share , that gap has grown to nearly 70%, with Morningstar pegging SpaceX's fair value at $63 a share. That doesn't necessarily mean Morningstar is calling for the stock to drop. On the contrary, Nicolas Owens, its aerospace and defense analyst, thinks the stock could continue its surge in