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Morgan Stanley analyst Adam Jonas said Friday the recent selloff has pushed SpaceX’s stock to a level that effectively prices its AI business at zero. Jonas wrote investor pessimism appears disconnected from fundamentals and creates an attractive buy

2026-07-25

Morgan Stanley analyst Adam Jonas said Friday the recent selloff has pushed SpaceX’s stock to a level that effectively prices its AI business at zero. Jonas wrote investor pessimism appears disconnected from fundamentals and creates an attractive buying opportunity. He warned upcoming lock-up expirations next month could allow insider sales and potentially drive the share price as low as $100 — a level that would imply zero or negative value for the AI unit. Jonas assigns a $300 target price, with more than 50% of the valuation attributable to SpaceX’s AI business.

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2026-07-25

On July 24 in Kyrgyzstan, Iran’s foreign minister met Pakistan’s deputy prime minister minister and foreign minister at the SCO foreign ministers’ meeting to discuss bilateral ties and regional and international developments. Iran thanked Pakistan fo

On July 24 in Kyrgyzstan, Iran’s foreign minister met Pakistan’s deputy prime minister minister and foreign minister at the SCO foreign ministers’ meeting to discuss bilateral ties and regional and international developments. Iran thanked Pakistan for recent mediation efforts, blamed the US for a “breach of commitments and excessive pressure” as a main cause of current regional tensions, condemned US attacks on Iran’s critical infrastructure and said it will defend its sovereignty and interests. Iran urged closer SCO cooperation to uphold multilateralism and international rules. Pakistan called for respect for Iran’s sovereignty and territorial integrity and offered diplomatic assistance to help prevent escalation. Iran also spoke by phone with Oman’s foreign minister about regional developments and commercial shipping security in the Strait of Hormuz and the Gulf.
2026-07-25

China foreign minister Wang Yi met Iran foreign minister Alaghezi on July 24 in Kyrgyzstan at the SCO foreign ministers' meeting. China said the recently renewed escalation in the Gulf is a source of deep concern and said the memorandum of understand

China foreign minister Wang Yi met Iran foreign minister Alaghezi on July 24 in Kyrgyzstan at the SCO foreign ministers' meeting. China said the recently renewed escalation in the Gulf is a source of deep concern and said the memorandum of understanding signed just over a month ago is a valuable product of multilateral mediation that should not be discarded. China urged keeping negotiation channels open, returning to implementation of the MoU consensus and persisting with talks while there is hope for peace. As a comprehensive strategic partner, China said it will continue to support Pakistan and other parties’ mediation efforts to restore direct dialogue and properly address issues in and around the Strait of Hormuz.
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