Mike Larson | Editor-in-Chief
Perhaps you’ve heard of a little company called SpaceX (SPCX)? It has been anything BUT a rocket ride for shareholders post-IPO. So, what comes next?
Take a gander at the MoneyShow Chart of the Day, which comes courtesy of Bloomberg. You can see where the company priced its IPO, how high it initially traded, where it has sunk in the weeks since then, and where most analysts are predicting it will ultimately head to.
SpaceX (SPCX)
Source: Bloomberg
I bring it up because Morgan Stanley (MS) defended the name on Friday, citing “the current disconnect between increasingly bearish investor sentiment and largely unchanged fundamentals.”
The firm’s analyst Adam Jonas said investors were basically writing off the value of the firm’s AI businesses – which include things like Grok and Cursor. He disagrees with that assessment...and is sticking with his $300 price target on the stock.
SpaceX was worth about $2.64 trillion at its post-IPO peak. Its market capitalization has shrunk to around $1.48 trillion now. Or in plain English, more than a trillion bucks in value has gone up in smoke.
If Adam is right, this is the opportunity of a lifetime. Other experts I’ve spoken with, including Eva Ados in this MoneyShow MoneyMasters Podcast episode I just recorded in Las Vegas, agree. Food for thought amid this pullback.
In this keynote presentation from the just-completed 2026 MoneyShow Masters Symposium Las Vegas, renowned economist and investment strategist Ed Yardeni explains why he believes the “Roaring 2020s” could extend into the 2030s — and why the future of the US economy and stock market may be brighter than many investors and traders expect.
The president of Yardeni Research also discusses the potential return on today’s massive AI investments, the risks surrounding OpenAI and Oracle, opportunities in financials, industrials, and biotechnology, and his outlook for Treasury yields and Federal Reserve policy.
The Human-AI Edge Is Here. Make Sure Your Portfolio Is Ready!
Markets are being reshaped in real time by AI, geopolitics, inflation, hard assets, crypto, ETFs, and the next wave of technological disruption. To stay ahead, you need more than headlines — you need direct insights from the experts who are tracking where capital is moving now, and where it’s likely to go next.
Join us for the 2026 MoneyShow Masters Symposium San Francisco for actionable strategies, specific investment ideas, and trading tactics designed for today’s fast-moving market environment. You’ll discover how to position for the AI-driven economy, navigate global macro uncertainty, identify growth opportunities beyond Big Tech, and sharpen your edge across stocks, options, commodities, crypto, alternatives, and more. Tap the button below for details on the Aug. 25-28 event — and to claim your pass today…
In physics, kinetic equilibrium describes a system in which forces are balanced, and motion continues at a steady, unchanging rate. Felix Vezina-Poirier of BCA Research argues that we can apply kinetic equilibrium to the Iran conflict – and crude oil, observes Lance Roberts, editor of the Bull Bear Report.
The market has been frustrating to many over the past two months since new all-time highs were made in early June. But the fact is, the S&P 500 Index (^SPX) has remained in a trading range over that time, remarks Lawrence McMillan, editor of Option Strategist.
🧬 📈 This Little-Known Biotech Stock Just Hit a New 5-Year High. (Barchart)
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