SpaceX lockup expiry: Morgan Stanley believes 'largely unchanged' fundamentals create attractive entry point at current levels
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Adam Jonas reiterated an 'Overweight' rating on SpaceX, citing strong fundamentals in launch, connectivity, and AI as an attractive entry point despite the upcoming lockup expiry. Conversely, Morningstar's Nicolas Owens anticipates a wave of selling once the lockup period ends. The company is scheduled to release quarterly results on August 4.
・Analyst Adam Jonas reiterated the firm’s ‘Overweight’ rating on the stock, describing SpaceX as ‘uniquely positioned across launch, connectivity, and AI.’ ・Morningstar analyst Nicolas Owens stated that a ‘wave’ of selling is likely once the lockup period expires. ・The Elon Musk-led firm is expected to post its quarterly results on August 4, with r...