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Morgan Stanley and Michael Burry Clash Over SpaceX Valuation

The Motley Fool +2 · ·by G4L

MS Morgan Stanley
$187.10 +3.12%
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  1. 1Morgan Stanley set a price target of $300 for SpaceX shares.
  2. 2Michael Burry warned this summer that SpaceX is not worth $1 trillion or $2 trillion.
  3. 3SpaceX's valuation has plummeted by more than one-third several times this year.

So what's the key point?

Morgan Stanley expects SpaceX shares to rise, but Michael Burry warned that the company's valuation is too high. Experts are divided because SpaceX's value has dropped by more than one-third this year.

Source The Motley Fool +2 · View original ↗

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