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Story summary
- SpaceX shares fell to about $110 on Monday, suggesting little AI value.
- Morgan Stanley analyst Adam Jonas said the first lockup ends next month, which could push price toward $100.
- He set a $300 target, with over 50 % tied to AI, while investors discount Grok and Cursor because of high capex and uncertain economics.
- Bloomberg data show nearly 80 % of analysts recommend buying, with an average target of about $232.
