SpaceX's valuation by 2040 is likely overstated by Morgan Stanley's bullish report

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Morgan Stanley analyst Adam Jonas's forecast of SpaceX reaching $3.5 trillion in revenue and a $5,000 price target by 2040, implying a 28% compounded annual return, is overly optimistic due to potential bias from Jones, who provides financing for Elon Musk's ventures, and the possibility of an economic depression.