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Morgan Stanley joins rivals in rolling out private company research

Wall Street heavyweights have increasingly ventured into research coverage on privately held companies this year as some of the world's most valuable startups, including ChatGPT-parent OpenAI and Elon Musk's SpaceX, have stayed away from going public for longer than similar companies in the past.

 

"While we have been publishing on private companies since 2017, we are now expanding our private company coverage to deliver deeper analysis, broaden our reach, and stay ahead of client demand," Morgan Stanley's Global Director of Research Katy Huberty said in the memo.