Sir Richard Branson’s space tourism business, Virgin Galactic, suffered a bank’s serious downgrade to its share price. Morgan Stanley had given Virgin Galactic a share price target of $35. That price has been slashed to just $5 in the bank’s latest report issued on September 24th. The bank was blunt and cited ongoing challenges for […]
US satellite operator EchoStar has not had the best of weeks. August 12th saw the company report revenue had fallen by 9.3 per cent and a net loss of $205.6 million (from a profit during the same period last year of $212.7 million). Its share price, already depressed, fell back by 6.1 per cent to […]
AST Space Mobile has just one satellite currently in orbit which itself something of a test prototype for a planned global satellite-based ‘direct-to-cellular’ service. AST’s follow-up BlueWalker 3 satellites are expected to be ready for launch in batches of five craft starting in July or August (according to the company) and continuing in batches throughout […]
SpaceX says it now has 2.7 million “customers – a rise of 100,000 in just three weeks. This is a growth rate of some 4,700 new users per day. If this rate is maintained, then another 1 million users by year-end is possible if not probable. A report from analysts at investment bank Morgan Stanley […]
Disney is bracing for another proxy battle with the activist investor Nelson Peltz. James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who formerly ran Sky, the British television company, will join Disney’s board early in 2024, according to a securities filing. “Their appointments reflect Disney’s commitment to a strong board focused on the long-term […]
Space tourism business Virgin Galactic, already under financial pressure, has been downgraded by analysts at investment bank Morgan Stanley. The Morgan Stanley report (specifically on Virgin Galactic Holdings) has been rated “Underweight” by the bank with a Price Target of just $1.75. The report prompted a share sell-off and a fall on November 22nd of […]
Netflix CFO Spencer Neumann has told a conference “never say never” in response to being asked about whether the streaming platform would ever host adverts. “It’s not something in our plan right now,” Neumann added, speaking at the Morgan Stanley Technology, Media & Telecom Conference. Some analysts have been urging Netflix to introduce a lower-tier […]
Investment bank Morgan Stanley says that its base case valuation for Elon Musk’s Starlink broadband-by-satellite low Earth orbiting constellation stands at $81 billion (€71.8bn). It backs up its thinking with assumptions of a longer-term 2040 position when the system can offer some 250 Gb/s per satellite of capacity of which 4.5 per cent is “saleable” […]
Equity analysts at investment bank Morgan Stanley have recently given Elon Musk’s SpaceX a valuation of some $100 billion. The bank has given a detailed breakdown of its analysis. As with any financial forecast the bank gives three sets of metrics for its numbers: a ‘Bear’ (low) case, a ‘Base’ mid-point case and the (optimistic) […]
Tesla has helped entrepreneur Elon Musk become one of the two richest men on the planet, and frequently holding the top spot over Amazon’s Jeff Bezos depending on stock market valuations. A report from analysts at Morgan Stanley suggests that when SpaceX truly gets into gear with its Starlink broadband service as well as greater […]