When the bull case is 8x the bear case, there's no 'fair value' left to anchor to. Morgan Stanley's SpaceX initiation.
Morgan Stanley initiated SpaceX at $300. Bear case $75, bull case $600. Same analyst, same day, an 8x spread! I'd say its this wide because...One part of SpaceX is a real business you can model (Starlink, launch contracts), and the …