Adam Jonas: SpaceX's stock price decline provides buying opportunity, AI business valuation underestimated

Morgan Stanley analyst Adam Jonas said that the decline in SpaceX's stock price has created buying opportunities for investors, and the current market valuation does not reflect the potential of its artificial intelligence business. Adam Jonas pointed out that as the lock up period expires next month, SpaceX's stock price may fall to $100 per share, at which point investors would value SpaceX's artificial intelligence business at zero. Adam Jonas has set a target price of $300 for SpaceX stock, with over 50% of the valuation coming from the artificial intelligence business.