SpaceX's Starship Catch Could Unlock Valuation Upside, Morgan Stanley's Adam Jonas Says Ahead of SPCX Q3 Earnings
Morgan Stanley's Adam Jonas says a successful Starship mid-air catch could boost SpaceX, but warns of debt issuance risk.
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SpaceX’s Bandwagon-5 launched 32 payloads from Florida, creating a jellyfish-like cloud over the East Coast at dawn.
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Morgan Stanley's Adam Jonas says a successful Starship mid-air catch could boost SpaceX, but warns of debt issuance risk.
SpaceX stock has rebounded 35% from its August lows following strong Q2 earnings with 92% revenue growth and major business expansions in Starlink and AI. However, the analyst advises against buying at current valuations, citing a P/S ratio of 68 (vs. S&P 500 average of 3.8), lack of profitability, and an upcoming December lockup expiration that could pressure the stock.
HSBC kept CoreWeave at Reduce with a $39 target, citing neocloud disadvantages, weaker demand, low estimates and debt risks.
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