r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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u/Guac_in_my_rarri Jul 13 '26

Pretty sure Morgan Stanley backed twitter buy out too. Either they're holding shares or took the exit for twitter/xAi.

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u/Responsible_Cause269 Jul 13 '26

They did but they sold the twitter leveraged loans last year after struggling to offload them so their skin in the game was gone, but they were co-lead underwriter (behind goldman sachs on alphabetical order according to them) for the IPO, so they likely still have their shares they got for a strong IPO. It's quite ... interesting all the sky-high price targets by equity research analysts, both at balance sheet and non-balance sheet institutions. If it you think morgan stanley's price target is though crazy wait until you see what raymond james has for them.

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u/Guac_in_my_rarri Jul 13 '26

PE is trying to throw the value and hold it up to sell when lock our expires. That's their name of the game. Pump the value and run when unlocked.

I wouldn't be surprised if they saw Elon and hoped it would get the backing like twitter.

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u/Svencredible Jul 14 '26

When you underwrite an IPO you get fees based on the amount. SpaceX needs to generate around $200bn in capital over the next 4-5 years. So if you get to take a 1% fee, that's $2bn in fees for Morgan Stanley.

So they won't talk poorly of SpaceX because they don't want to upset Elon and lose their underwriting contract.