According to a new Morgan Stanley note cited by Sawyer Merritt on X, analyst Adam Jonas says SpaceX’s neocloud strategy shifts costs to customers to build compute used to train its own robots, positioning the firm as a vertically integrated, full‑stack AI player.

According to Morgan Stanley analyst Adam Jonas, SpaceX’s Distributed Inference Cloud could unlock major growth by enabling physical AI swarms and easing data center constraints, as reported by Sawyer Merritt on X.