Advanced Television

Morgan Stanley

Can AST Space Mobile crack DTC?

AST Space Mobile has just one satellite currently in orbit which itself something of a test prototype for a planned global satellite-based ‘direct-to-cellular’ service. AST’s follow-up BlueWalker 3 satellites are expected to be ready for launch in batches of five craft starting in July or August (according to the company) and continuing in batches throughout […]

May 28, 2024

SpaceX: 2.7m customers and $180bn value

SpaceX says it now has 2.7 million “customers – a rise of 100,000 in just three weeks. This is a growth rate of some 4,700 new users per day. If this rate is maintained, then another 1 million users by year-end is possible if not probable. A report from analysts at investment bank Morgan Stanley […]

April 9, 2024

Darroch joins Disney board as it braces for activist fight

Disney is bracing for another proxy battle with the activist investor Nelson Peltz. James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who formerly ran Sky, the British television company, will join Disney’s board early in 2024, according to a securities filing. “Their appointments reflect Disney’s commitment to a strong board focused on the long-term […]

November 30, 2023

Bank downgrades Virgin Galactic

Space tourism business Virgin Galactic, already under financial pressure, has been downgraded by analysts at investment bank Morgan Stanley. The Morgan Stanley report (specifically on Virgin Galactic Holdings) has been rated “Underweight” by the bank with a Price Target of just $1.75. The report prompted a share sell-off and a fall on November 22nd of […]

November 23, 2023

Netflix CFO: “No ads, for now”

Netflix CFO Spencer Neumann has told a conference “never say never” in response to being asked about whether the streaming platform would ever host adverts. “It’s not something in our plan right now,” Neumann added, speaking at the Morgan Stanley Technology, Media & Telecom Conference. Some analysts have been urging Netflix to introduce a lower-tier […]

March 9, 2022

Bank: Starlink worth $81bn

Investment bank Morgan Stanley says that its base case valuation for Elon Musk’s Starlink broadband-by-satellite low Earth orbiting constellation stands at $81 billion (€71.8bn). It backs up its thinking with assumptions of a longer-term 2040 position when the system can offer some 250 Gb/s per satellite of capacity of which 4.5 per cent is “saleable” […]

December 6, 2021

SpaceX $100bn value explained

Equity analysts at investment bank Morgan Stanley have recently given Elon Musk’s SpaceX a valuation of some $100 billion. The bank has given a detailed breakdown of its analysis. As with any financial forecast the bank gives three sets of metrics for its numbers: a ‘Bear’ (low) case, a ‘Base’ mid-point case and the (optimistic) […]

October 29, 2021

Bank: Musk soon a trillionaire

Tesla has helped entrepreneur Elon Musk become one of the two richest men on the planet, and frequently holding the top spot over Amazon’s Jeff Bezos depending on stock market valuations. A report from analysts at Morgan Stanley suggests that when SpaceX truly gets into gear with its Starlink broadband service as well as greater […]

October 25, 2021By Chris Forrester

Bank: Streamers winning Hollywood battle

A report from investment bank Morgan Stanley looks at the impact Covid has had on the film industry and with movie-going restarting assesses future industry prospects. But there’s one powerful message from the bank; the streamers are winning. “The movie business is dead, long live the movie business,” says Morgan Stanley. “Since the onset of […]

October 18, 2021By Chris Forrester

Bank: LEO connectivity “moving even faster”

Investment bank analysts at Morgan Stanley believe that the news that Elon Musk has asked the FCC for permission to expand its Starlink broadband-by-satellite system to moving vehicles (trucks/RVs, aircraft and ships) has not only major implications for the auto industry, but the “topic appears to be moving even faster than we had anticipated”. Last […]

March 23, 2021