00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Jim Chanos highlighted Morgan Stanley's bullish report on Elon Musk's space exploration technologies,
00:08pointing to a funding warning inside the bank's overweight-rated research,
00:11according to his post on X. Morgan Stanley set a $300 price target, but said SpaceX faces
00:17multi-year funding risk and is not expected to be free cash flow positive before 2035.
00:23The bank forecast average external capital needs of about $84 billion per year,
00:28from 2027 to 2034, totaling roughly $672 billion.
00:34It warned SpaceX may need to issue equity, reduce growth investment,
00:38or slow deployment if debt markets cannot absorb the financing needs.
00:41Shares closed 0.78% lower at $148.30 on Wednesday and were up 0.81% in overnight trading.
00:51For all things money, visit Benzinga.com.
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