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SpaceX stock could fall toward $100 as AI value is discounted
Morgan Stanley warned that newly available insider shares after SpaceX’s first earnings report, expected in early August, could weigh on the stock further.
SpaceX shares have plunged about 50% from their post-IPO peak, trading around $110 per share as investors cool on the company’s AI infrastructure plans, according to Yahoo Finance citing Morgan Stanley’s view.
The firm said SpaceX could slide to roughly $100 per share after an additional set of publicly tradable insider shares begins hitting financial markets shortly after SpaceX’s first earnings report, which it said is expected in early August.
Morgan Stanley analyst Adam Jonas, as cited by Bloomberg, argued that many investors significantly discount the value of SpaceX’s AI software and tools, including Grok and Cursor, due to high capital expenditure needs, uncertain economics, and management time devoted to the segment.
The rapid decline in the stock followed SpaceX’s IPO on June 12 and, separately, the company’s progress on its Starship program, with the latest test flight marking the 13th attempt and the first since the IPO, Yahoo Finance reported.