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Morgan Stanley believes the recent sell-off in Space Exploration Technologies Corp  (NASDAQ:SPCX) has become overdone, arguing that investors are assigning virtually no value to the company's AI business, despite it being a key pillar of the bank's bullish thesis.

SpaceX is set to report its first quarterly earnings as a publicly listed company on August 4, but investors are increasingly focused on another event that could have an even bigger impact on its share price. Two business days after the earnings release, the company's first lock-up period will expire, allowing pre-IPO investors to sell nearly one billion shares—significantly more than the number sold during SpaceX's…

Kinder Morgan (KMI) delivered a strong Q2, exceeding internal and analyst expectations, prompting management to raise full-year guidance. KMI's cash flow is highly contracted, with 65% take-or-pay and 26% fee-based, supporting a robust project pipeline and dividend sustainability. Management expects adjusted EBITDA to be at least 5% above budget and EPS at least 12% above plan, with major project benefits…

Kinder Morgan (KMI) delivered record Q2 net income and adjusted EBITDA, raising full-year guidance above budgeted levels. KMI's fee-based, contract-backed business model offers stability, but current valuation—21.7x 2027 P/E and 11.6x EV/EBITDA—limits upside. Backlog conversion, project execution, and leverage management are key; shadow backlog and signed contracts could shift the investment case.

HOUSTON--(BUSINESS WIRE)--Kinder Morgan today announced the publication of its 2025 Sustainability Report.