Morgan Stanley: SpaceX AI Worthless by $15
SpaceX's shares experienced significant volatility after its IPO, dropping from a peak of over $200 to around $115, erasing approximately $1 trillion from its market value. Despite some analyst predictions that lower prices could imply the company's AI division holds no value, most of SpaceX's profits come from its Starlink satellite internet service, which remains the only profitable segment. The company's overall financial losses and high market expectations prompt caution among investors.
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