3 weeks ago

Morgan Stanley says SpaceX can more than double on AI bet

Morgan Stanley says SpaceX can more than double on AI bet
SpaceX shares can more than double, Morgan Stanley says. The bull thesis isn't based on space business · CNBC TV 18

A big bank called Morgan Stanley studied a rocket company called SpaceX.

The bank says the company's value could more than double.

That means people who own part of SpaceX might see their money grow a lot.

The reason is not the rockets or space trips.

Instead, it is about artificial intelligence, which is when computers do smart things.

SpaceX bought a small AI company called Cursor.

That purchase made the bank excited about SpaceX's future.

The bank thinks AI can help SpaceX grow in new ways.

Rocket business is still important, but AI is the main reason for the good news.

Many people will watch to see if SpaceX becomes worth twice as much.

Key facts

Subject Company
Space Exploration Technologies (SpaceX)
Analyst Firm
Morgan Stanley
Projection
Shares can more than double
Key Driver
Artificial intelligence, not the space business
Acquisition
AI startup Cursor
Source
CNBC-TV18

Sources

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