1445 ET - If SpaceX shares hit $100--as many investors seem to expect--it would create an attractive buying opportunity, Morgan Stanley analysts say in a note. SpaceX, currently at $113 a share, has fallen some 30% from where it closed on the company's first day of trading. "At less than $120/share today, we believe investors are paying a reasonable multiple for the core Space + Connectivity business while receiving limited-to-no value for the company's AI opportunity," the analysts say. At a $100 a share, they say, "investors can receive a discounted Space and Connectivity business with a dominant market share growing nearly 50% this year with 40% EBITDA margins--and all AI optionality (orbital and terrestrial) is near free." (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 14:45 ET (18:45 GMT)

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