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Benzinga
Benzinga
Business
Chandrima Sanyal

SpaceX’s AI Could Be Worth Nothing If Stock Hits $100, Morgan Stanley Says — ETF Traders Should Pay Attention

SpaceX Morgan Stanley ETF SPCX Adam Jonas Space Exploration Technologies Corp
SpaceX

Morgan Stanley believes the recent sell-off in Space Exploration Technologies Corp (NASDAQ:SPCX) has become overdone, arguing that investors are assigning virtually no value to the company’s AI business, despite it being a key pillar of the bank’s bullish thesis.

This latest bullish call puts leveraged ETFs tied to the SPCX stock back in the spotlight.

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