SpaceX Stock Dip Hides AI Potential | Business and Finance News

SpaceX’s stock is on a wild ride—plummeting 18% to $110.85 after a hot start, but Morgan Stanley’s Adam Jonas sees it as a buying opportunity, not a crash. Despite the dip, he’s bullish, pegging the stock at $300—with half that value tied to SpaceX’s AI bets like Grok and Cursor. He’s no stranger to turning market pessimism into profit, having championed Tesla, and believes SpaceX’s trifecta of launch, satellite internet, and AI makes its current price a steal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3c03ca8a76ac1b36