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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 fundamentals are 'largely unchanged' despite lockup expiry.
Some investors expect SpaceX shares to drop to $100 post-lockup.
Morgan Stanley argues a $100 valuation would undervalue SpaceX's AI business.
Lock-up restrictions on SpaceX shares are set to expire.
The current level is seen as an attractive entry point by Morgan Stanley.
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Rajeev Chandrasekhar / Jupiter Capital interests historically