Morgan Stanley analyst sees AI valuation opportunity in SpaceX stock

Huo Xing Cai Jing reports that on July 25, Morgan Stanley analysts stated that the selling of SpaceX shares has pushed its stock price to a level implying investors are assigning zero value to its artificial intelligence business. In a report to clients on Friday, Morgan Stanley analyst Adam Jonas wrote: “We believe there is a disconnect between investors’ growing pessimism and the company’s fundamentally unchanged outlook, creating an attractive opportunity for investors to buy SpaceX shares.” Jonas noted that many investors anticipate further downside pressure on SpaceX’s stock price to $100 per share as lock-up periods for early shareholders expire next month. He argued that at this level, investors are effectively assigning a zero—or even negative—valuation to SpaceX’s AI business. The analyst has set a $300 price target for SpaceX shares, with over 50% of that valuation derived from the company’s artificial intelligence operations.