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- Morgan Stanley doubled its long-term valuation estimate for Elon Musk’s SpaceX on Thursday, now expecting the company to be worth at least $100 billion some day.
- “SpaceX continues to solidify its place as ‘mission control’ for the emerging space economy,” Morgan Stanley analyst Adam Jonas wrote.
- In Morgan Stanley’s base case, SpaceX’s rockets business reaches an $11.7 billion valuation while its Starlink satellite internet business grows to $80.9 billion, and the company adds point-to-point space travel as an $8.7 billion value.
The next Meme stock?