Morgan Stanley initiates SpaceX at $300, most bullish on Wall Street
Morgan Stanley initiated coverage of SpaceX with an Overweight rating and a $300 price target, the highest among major Wall Street banks, as the rocket company prepares to join the Nasdaq 100 index.
Morgan Stanley initiated coverage of SpaceX on Tuesday with an Overweight rating and a $300 price target, the most bullish call among major Wall Street banks. The target implies 87% upside from Monday's close of around $160, and comes as SpaceX is set to join the Nasdaq 100 index.
For traders, this high-profile initiation from a top-tier bank signals strong institutional confidence in SpaceX's long-term growth story. The note, titled "AI's Final Frontier," highlights SpaceX's unique position in space infrastructure, with near-monopoly launch economics, the world's largest low-Earth orbit satellite network (Starlink), and a fast-scaling data center business powered by solar energy. As SpaceX enters the Nasdaq 100, index funds will be forced to buy the stock, potentially driving further demand. For real-time pricing on SpaceX and other key equities, traders can check NowPrice for the latest quotes.
Looking ahead, the key catalyst will be SpaceX's inclusion in the Nasdaq 100, which is expected to take effect later this month. Investors will also watch for updates on Starlink's revenue growth and any new contracts for the Starship launch vehicle. Morgan Stanley's $300 target sets a high bar, and any operational milestones or earnings beats could push the stock higher.