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SpaceX Lockup Expiry: Morgan Stanley Believes ‘Largely Unchanged’ Fundamentals Create Attractive Entry Point At Current Levels
in5points
Morgan Stanley believes SpaceX's fundamentals are 'largely unchanged' after lockup expiry.
Many investors expect SpaceX shares to drop to $100 as IPO lock-up restrictions expire.
A $100 valuation would imply little or no value for SpaceX's AI business.
Morgan Stanley sees current levels as an attractive entry point.
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Rajeev Chandrasekhar / Jupiter Capital interests historically