SpaceX at $100 would imply zero AI value, Morgan Stanley says

SpaceX shares have fallen significantly, nearing a valuation that ignores its artificial intelligence business. Morgan Stanley analysts believe this presents an attractive entry point for investors now. Many investors anticipate further stock declines after a lockup period unlocks next month. Broad investor sentiment has shifted away from technology firms with high AI spending. However, most…

Adani Energy launches Rs 3,500 crore QIP, sets floor price at Rs 1,698 per share

Adani Energy Solutions launched its qualified institutional placement to raise Rs 3,500 crore. The company fixed the floor price at Rs 1,698.15 per equity share for this issue. This placement allows raising equity capital quickly from institutional investors. Proceeds will fund capital expenditure and loan repayments. The company had previously approved raising Rs 10,000 crore…