Renowned short-seller Jim Chanos has highlighted a stark warning buried in Morgan Stanley’s new bullish research report on Elon Musk's Space Exploration Technologies Corp.
(NASDAQ:SPCX).
Despite assigning the company an "Overweight" rating, the underwriter disclosed that the space and AI giant faces a multi-year "Funding risk" totaling nearly $700 billion, with "no FCF-positive" cash flow projected until 2035.
Chanos Calls Out Wall Street Optimism Chanos took to social media platform X to highlight the sharp contradiction between the bank's optimistic $300 price target and its underlying financial anxieties.
"I know we are only halfway through the year, but I feel it will be hard to top this comment from one of the obligatory buy recommendations on $SPCX issued by one of the underwriters this week," Chanos posted, calling the equity research disclosure "truly glorious." I know we are only halfway through the year, but I feel it will be hard to top this comment from one of the obligatory buy recommendations on $SPCX issued by one of the underwriters this week.
