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TechFlow news, June 5: According to a Wall Street Journal report, Morgan Stanley predicted in a research report distributed to top-tier investors that SpaceX—owned by Elon Musk—could generate $3.4 trillion in revenue by 2040, justifying a $1.77 trillion valuation target for its IPO. The report notes that bankers are presenting this valuation rationale to investors based on the company’s long-term growth prospects.
According to a report by the Wall Street Journal, Morgan Stanley predicted in a research report distributed to top-tier investors that SpaceX—owned by Elon Musk—could generate $3.4 trillion in revenue by 2040, setting a $1.77 trillion valuation target for its IPO. The report notes that banking professionals are presenting this valuation rationale to investors based on SpaceX’s long-term growth prospects.
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