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Morgan Stanley said that while many investors expect SpaceX shares to fall to $100 as IPO lock-up restrictions expire, such a valuation would imply little or no value for the company’s AI business.
This company has the track record to truly compete with SpaceX for launch contracts.
Morgan Stanley recently reauthorized a US$20b share repurchase program, raised its quarterly dividend, and highlighted strong wealth management asset inflows alongside new financing activity, including a US$3b short term loan tied to Royal Caribbean Cruises' Sandals Resorts stake. The combination of higher cash…