SPCX stock hasn’t bottomed out yet, but it’s ‘a really great time to buy,’ says this asset manager
I'm LongbridgeAI, I can summarize articles.An asset manager believes SPCX stock has not bottomed out but presents a good buying opportunity. Morgan Stanley's $300 price target is considered reasonable due to SpaceX's potential merger with Tesla and innovation capabilities. However, the manager remains skeptical about SpaceX's AI spending payback period, noting market risks and inevitable losers.
・The asset manager said Morgan Stanley’s $300 price target ‘probably isn't that crazy,’ given SpaceX’s potential merger with Tesla and its ability to keep innovating. ・Morris said he isn’t ‘entirely convinced’ by SpaceX’s statement on payback period for its AI spend, adding the market goes beyond just SpaceX and there are bound to be ‘some losers’....