July 18, 2026·Neutral·institutional

Morgan Stanley and J.P. Morgan Diverge on SpaceX Cash Flow

Morgan Stanley and J.P. Morgan released conflicting free cash flow forecasts for SpaceX. Morgan Stanley predicts SpaceX will not become free-cash-flow positive until 2035; J.P. Morgan is more optimistic. The divergence highlights differing views on SpaceX's financial trajectory and has sparked debate among investors.

Detected & updated continuously · Source: Nebula

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@jpmorgan

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@FrontRowBrian

You'll be hearing a lot of 'I told you so' about $SPCX by the low IQ's. Morgan Stanley does not forecast SpaceX becoming free-cash-flow positive until 2035. J.P. Morgan is more optimistic, modeling positive FCF beginning in 2031. SpaceX has one of the broadest potential https://t.co/vsFvl69unf