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Market Chatter: Morgan Stanley Projects SpaceX's Revenue Reaching $3.4 Trillion in 2040

Morgan Stanley (MS) sees SpaceX's revenue reaching $3.4 trillion in 2040, with the rocket maker's adjusted earnings before interest, taxes, depreciation and amortization topping $2.7 trillion in 2040, The Wall Street Journal reported Friday, citing people familiar with the matter.SpaceX, which expects to price its initial public offering at $135 per share and list under the symbol "SPCX," reported revenue of $18.67 billion and a loss of $4.94 billion in 2025, regulatory filings show.Research analysts at Morgan Stanley and Goldman Sachs (GS) have both forecasted SpaceX's revenue would reach nearly $160 billion in 2028, according to the report.Additionally, Goldman Sachs estimates SpaceX's revenue to exceed $470 billion in 2030, while Morgan Stanley projects it would reach nearly $330 billion, the report said.Morgan Stanley, Goldman Sachs and SpaceX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $211.99, Change: $-6.29, Percent Change: -2.88%

$GS$MS$SPCX

Sectors11d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger.In the US, employment in the private sector increased more than expected in May, ADP data showed.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, while S&P Global (SPGI) pointed to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. Morgan Stanley shares fell 2%.Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares fell 1.7%, and JPMorgan eased 0.2%.Pershing Square (PS) will sell 80.6 million Universal Music Group shares in an overnight placing as Bill Ackman's hedge fund looks to exit its position, Bloomberg reported. Pershing shares fell 3.6%.Hartford Insurance (HIG) agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion. Hartford shares fell 1%.

$GS$HIG$JPM$MS$PS

Sectors11d ago

Sector Update: Financial

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was falling 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. The move would allow autonomous agents to pull data and insights directly from the platforms, bypassing traditional interfaces built for human users, Mitchell told CNBC. Morgan Stanley shares were down 1.9%.

$MS

Wire11d ago

Market Chatter: Morgan Stanley to Open Wealth Platforms to External AI Agents

Morgan Stanley (MS) will allow clients' artificial intelligence agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported Wednesday, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell.The move would allow autonomous agents to pull data and insights directly from the platforms, bypassing traditional interfaces built for human users, Mitchell told CNBC.The bank has already granted early access to a handful of clients and plans to expand it to all 3,400 corporate administration clients by next year, Mitchell added, according to the report.Morgan Stanley did not immediately respond to a request for comment from.Rivals JPMorgan Chase (JPM) and Goldman Sachs (GS) are using AI agents internally but have yet to announce steps to open their systems to external agents, CNBC said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $211.14, Change: $-3.84, Percent Change: -1.79%

$GS$JPM$MS

Sectors11d ago

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.7%.Bitcoin (BTC-USD) was falling 2.4% to $65,724, and the yield for 10-year US Treasuries was rising 5 basis points to 4.497%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 1.9%, and JPMorgan decreased 0.1%.Hartford Insurance (HIG) has agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion, the companies said Wednesday. Hartford shares were down 0.7%.Deutsche Bank (DB) may set aside more money for loan losses than analysts expected in Q2, although provisions are expected to be lower than in the previous quarter, Bloomberg reported, citing CFO Raja Akram. Deutsche shares fell 3.3%.

$DB$GS$HIG$JPM$MS

Sectors11d ago

Sector Update: Financial

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.Bitcoin (BTC-USD) was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.495%.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 2%, and JPMorgan decreased 0.3%.

$GS$JPM$MS

Wire11d ago

Market Chatter: Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO

Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter.JPMorgan Chase (JPM) is also working on the deal, the report said. Anthropic is considering going public as early as October, according to the report.The companies didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $248.36, Change: $-8.16, Percent Change: -3.18%

$AMZN$GS$JPM$MS

Wire11d ago

Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO, Bloomberg Reports

$AMZN$GS$MS

Sectors12d ago

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.3%.The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis points to 4.45%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, Carlyle (CG) is close to an agreement to sell Flender, a maker of mechanical and electrical drive technology, to European buyout firm Triton Partners for about 3 billion euros ($3.5 billion), Bloomberg reported. Carlyle shares were down 1.2%.SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.7%, and Morgan Stanley climbed 2.2%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.4%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were up 0.2%.

$BLK$CG$GS$MS$UBS

Sectors12d ago

Sector Update: Financial Stocks Advance Tuesday Afternoon

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.2%.The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.8%, and Morgan Stanley climbed 2.4%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.3%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were down 0.2%.

$BLK$GS$MS$UBS

Sectors12d ago

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.1%.The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.9%, and Morgan Stanley climbed 2.5%.

$GS$MS

Wire23d ago

Market Chatter: Uber Technologies Weighing Full Buyout of Delivery Hero

Uber Technologies (UBER) is evaluating options for a complete buyout of Delivery Hero, Bloomberg reported Friday, citing sources familiar with the matter.The ride-sharing firm is partnering with financial consultants to explore expanding its ownership after recently increasing its position in the Frankfurt-traded entity, while also contacting other stakeholders regarding potential interest, the media outlet reported.Delivery Hero said Monday Uber has acquired additional shares and instruments, and now owns 19.5% of the issued capital, with a further 5.6% in options. Morgan Stanley (MS) has helped Uber to build its stake using derivatives, according to the report.Uber mentioned this week that it does not intend to increase its ownership to 30% or higher at this time, but reviews its portfolios routinely for favorable opportunities, Bloomberg reported.Uber, Delivery Hero, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $72.63, Change: $-0.98, Percent Change: -1.33%

$MS$UBER

US Markets24d ago

Elon Musk's SpaceX Files for What Could be Largest IPO in History

Space Exploration Technologies, widely known as SpaceX, has filed for an initial public offering in what could be the largest share listing ever.The rocket and satellite company, founded and led by Tesla (TSLA) Chief Executive Elon Musk, seeks to list its class A shares on the Nasdaq under the ticker SPCX, according to a preliminary prospectus filed with the US Securities and Exchange Commission on Wednesday.The filing did not provide details about a potential IPO size or the expected price range, but The Wall Street Journal reported that SpaceX could raise $80 billion or more as soon as next month. that would eclipse Saudi Aramco's blockbuster IPO in 2019.SpaceX intends to have a dual-class stock structure, with each class A share entitling the holder to a single vote. Class B shareholders will get 10 votes per share. Musk already owns 93.6% of class B shares, the filing showed.SpaceX estimates its quantifiable total addressable market at $28.5 trillion across AI-related markets, space-enabled solutions and connectivity services, according to the filing.The company, which operates satellite internet service provider Starlink, recently acquired artificial intelligence startup xAI.The filing showed SpaceX reported a net loss of $1.69 per share in 2025, compared with a breakeven point in 2024. Revenue increased 33% to $18.67 billion in 2025.AI capital expenditures totaled $12.73 billion in 2025 and $7.72 billion in the first quarter of 2026."The company looks to own more of the physical AI compute stack over time to lower the cost-per-token input for enterprise AI customers," Wedbush Securities said in a note.SpaceX plans to sell a portion of shares directly to retail investors through platforms including Charles Schwab (SCHW), E*TRADE by Morgan Stanley (MS) and Robinhood Markets' (HOOD) Robinhood Financial, according to the filing.Tesla and SpaceX are expected to merge next year, Wedbush analysts including Dan Ives wrote in the Wednesday note."Musk wants to own and control more of the AI ecosystem and step by step the holy grail could be combining SpaceX and Tesla in some way to give the connected tissue between both disruptive tech stalwarts looking to lead the AI revolution," Ives said.Price: $420.26, Change: $+3.00, Percent Change: +0.72%

$HOOD$MS$SCHW$SPCX$TSLA

Sectors25d ago

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.2%.The Philadelphia Housing Index was climbing up 3.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.1%.Bitcoin (BTC-USD) was increasing 1% to $77,510, and the yield for 10-year US Treasuries dropped 9.5 basis points to 4.57%.In corporate news, Microsoft-backed (MSFT) OpenAI has been working with bankers in preparation of filing for an initial public offering in the coming days or weeks, The Wall Street Journal reported. Bankers at Morgan Stanley (MS) and Goldman Sachs (GS) have been working with OpenAI on a draft IPO prospectus the maker of ChatGPT plans to file confidentially with regulators soon, potentially as early as Friday, the report said. Morgan Stanley shares gained 4.3%, and Goldman popped 5.6%.An Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 0.8%.Apollo Global Management (APO) was asked by two teacher organizations to investigate Chief Executive Marc Rowan's apparent use of the private equity firm's resources for his work with the Trump administration in violation of company policy, Bloomberg reported, citing a letter the groups sent to the chair of Apollo's audit committee. Apollo shares were up 0.9%.Lincoln International (LCLN) shares were up 13% after the stock marked its New York Stock Exchange debut at higher than the $20-per-share initial public offering price.

$APO$ARES$GS$LCLN$MS

Sectors25d ago

Sector Update: Financial Stocks Advance Wednesday Afternoon

Financial stocks were higher in Wednesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was climbing up 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was increasing 0.9% to $77,453, and the yield for 10-year US Treasuries was dropping 9 basis points to 4.577%.In US economic news, the Federal Reserve is scheduled to post minutes from its April policy meeting at 2 pm ET, in which policymakers had voted to keep the federal funds rate unchanged at 3.5% to 3.75%.In corporate news, an Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 1.8%.Morgan Stanley (MS) has provided Hong Kong-based investment banking employees with special iPhones and iPads for use in mainland China amid rising concerns over cross-border data compliance, the Financial Times reported. Morgan Stanley shares were up 4.1%.Lincoln International (LCLN) shares were up 13% after the stock marked its New York Stock Exchange debut at higher than the $20-per-share initial public offering price.

$ARES$LCLN$MS

Wire25d ago

Market Chatter: Morgan Stanley Gives Hong Kong Bankers Special Devices for Mainland China Use

Morgan Stanley (MS) has provided Hong Kong-based investment banking employees with special iPhones and iPads for use in mainland China amid rising concerns over cross-border data compliance, the Financial Times reported, citing people familiar with the matter.The devices have limited functionality and can only be used to access work emails and online meeting applications, according to the report Tuesday.Morgan Stanley did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $196.23, Change: $+6.65, Percent Change: +3.51%

$MS

Wire33d ago

Market Chatter: Eni Engages Morgan Stanley to Explore Potential LNG Assets Deal With Certain Funds

Eni (E) has asked Morgan Stanley (MS) to help it raise funds from investors, including Apollo (APO), KKR (KKR), and Stonepeak, in a potential deal backed by its floating liquefied natural gas assets, Reuters reported Tuesday, citing people familiar with the matter.The discussions are still at an early stage and may not result in a deal, the report said. It added that, if completed, the transaction could raise at least 1 billion euros for Eni.Apollo, Eni, KKR, Morgan Stanley, and Stonepeak declined to comment to Reuters. The companies didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $55.49, Change: $+0.02, Percent Change: +0.05%

$APO$E$KKR$MS

Wire33d ago

Eni Engages Morgan Stanley to Explore Potential LNG Assets Deal With Certain Funds, Reuters Reports

$E$MS

Wire38d ago

DBS Bank Adjusts Price Target on Morgan Stanley to $220 From $185

Morgan Stanley (MS) has an average rating of overweight and mean price target of $205.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $191.39, Change: $-1.96, Percent Change: -1.01%

$MS

Wire39d ago

UBS Adjusts Morgan Stanley Price Target to $214 From $196

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