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American financial services company
Morgan Stanley is an American multinational investment bank and financial services company. It is headquartered at 1585 Broadway in Midtown Manhattan, New York City, with offices in 42 countries, including offices in many financial centers worldwide. Morgan Stanley is one of the largest investment banks by revenue. It is ranked 39th on the Fortune 500 and 21st on the Forbes Global 2000. It is considered a systemically important financial institution by the Financial Stability Board.
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American stock exchange
The Nasdaq Stock Market is an American stock exchange. It is the largest stock exchange by market capitalization and the first fully electronic stock market. Based in Manhattan, New York City, the exchange is among the most active stock trading venues by volume in the United States.
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SpaceX (SPCX) stock jumps on Morgan Stanley’s $300 target, calling it a cheap AI/space play.
A single Morgan Stanley note on SpaceX just sent the entire commercial space sector surging, but the company at the center of the call posted the smallest gain of the group, raising questions about what investors are actually buying.
SpaceX stock closed at its highest level since mid-June after Morgan Stanley set a $300 price target on the shares