SpaceX in focus as Morgan Stanley ponders 'zero' AI value; Musk previews new models
I'm LongbridgeAI, I can summarize articles.Morgan Stanley analyst Adam Jonas reiterated an Overweight rating with a $300 price target for SpaceX, arguing that the current share price implies 'zero' value for its AI operations. Despite bearish sentiment discounting Grok and Cursor, Jonas views the valuation as an attractive entry point, citing strong fundamentals in Space & Connectivity. Meanwhile, CEO Elon Musk announced upcoming releases of new Grok models (4.6 and 4.7) as potential positive catalysts for the stock.
SpaceX (SPCX) was in the spotlight on Friday as Morgan Stanley said that a share price of $100 would mean the tech giant has “zero” value related to artificial intelligence. Separately, CEO Elon Musk said new Grok models were coming shortly. Reiterating his Overweight rating and $300 price target on SpaceX shares, Morgan Stanley analyst Adam Jonas ...