Morgan Stanley Warns SpaceX's AI Business Could Be Valued at Zero if Stock Falls to $100

Morgan Stanley Warns SpaceX's AI Business Could Be Valued at Zero if Stock Falls to $100

SpaceX's blockbuster IPO has quickly turned into a painful ride for investors. The stock has tumbled about 51% from its post-IPO high and slipped nearly 18% below its issue price. Amid the sharp sell-off, Morgan Stanley has said that if SpaceX shares fall to $100, the market would effectively be valuing the company's AI business at zero. This is because the AI business is a significant portion of SpaceX's overall valuation. The company's heavy spending on AI has been a major concern for investors, and the sell-off has only added to the pressure. As a result, Morgan Stanley's warning has sparked concerns about the future of SpaceX's AI business.