Morgan Stanley: 'SpaceX Stock at $100, AI Business Value 'Zero'...' Overvaluation?

Analysts note that SpaceX's stock price decline has led to market underestimation of its AI business value. Concerns over investor pessimism and fundamental misalignment have caused the stock to fall below its initial public offering price, creating potential buying opportunities for long-term investors. Bloomberg reports Morgan Stanley's analysis highlights the disconnect between investor sentiment and the company's AI value, with current prices potentially undervaluing the sector.