According to a research report published by Morgan Stanley, SpaceX is passing the peak of the new cloud and distinguishes winners with intelligent density advantages per watt, dollar, and per second. Looking ahead to 2027, the bank expects the company to profoundly shift to robotics, mesh networks, and space infrastructure. The bank predicts that SpaceX will slightly exceed 8 gigawatts of computing power by the end of 2027, driven by the availability of chips, electricity and financing, and estimates that the distribution scale for the 2027 fiscal year will be about 120 billion US dollars. According to the bank, the new cloud model accounts for a steady and rapid decline in total revenue and profit; SpaceX completed the construction of MiniHard in the green space within about five months, and has leading advantages in electrification and launch time. The bank believes that the total addressable market for digital AI is about 30 trillion US dollars, while physical AI is measured in tens of billions of dollars; computational costs outside the atmosphere will remain the same as terrestrial computing within the next ten years, which is within reach of the final discounted cash flow value of most land power shells. The bank drew attention to Terafab's next milestone, including the amount of investment and required manpower employment, maintaining an “plus” rating and a target price of $300.

According to a research report published by Morgan Stanley, SpaceX is passing the peak of the new cloud and distinguishes winners with intelligent density advantages per watt, dollar, and per second. Looking ahead to 2027, the bank expects the company to profoundly shift to robotics, mesh networks, and space infrastructure. The bank predicts that SpaceX will slightly exceed 8 gigawatts of computing power by the end of 2027, driven by the availability of chips, electricity and financing, and estimates that the distribution scale for the 2027 fiscal year will be about 120 billion US dollars. According to the bank, the new cloud model accounts for a steady and rapid decline in total revenue and profit; SpaceX completed the construction of MiniHard in the green space within about five months, and has leading advantages in electrification and launch time. The bank believes that the total addressable market for digital AI is about 30 trillion US dollars, while physical AI is measured in tens of billions of dollars; computational costs outside the atmosphere will remain the same as terrestrial computing within the next ten years, which is within reach of the final discounted cash flow value of most land power shells. The bank drew attention to Terafab's next milestone, including the amount of investment and required manpower employment, maintaining an “plus” rating and a target price of $300.