Wall Street’s Math Is So Broken, SpaceX Has to Buy Its Own AI Company to Prove It Exists
Morgan Stanley’s $100 billion valuation of SpaceX assigns zero value to its AI potential. The only way to unlock that value? Acquire xAI. This exposes a broken financial system that forces frontier tech companies into unnatural corporate restructurings just to get a fair price. The future can’t be spreadsheet-fitted—but Wall Street keeps trying.