Morgan Stanley keeps $300 target on SpaceX and AI unit renamed to SpaceXSI
SpaceX shares rose sharply after Morgan Stanley reiterated an Overweight rating and a $300 price target, citing growth prospects in space launches and artificial intelligence. The bank also noted the company’s plan to rename its AI division from SpaceXAI to SpaceXSI. Morgan Stanley highlighted the stock’s valuation relative to expected 2028 operating profit and projected upside from the current price.
Why it matters
Morgan Stanley’s $300 target suggests roughly 75% upside from the Monday close, indicating the analyst sees significant upside potential. The rating and target may support further buying pressure as investors weigh the growth outlook.
Key facts
- 1SpaceX shares climbed 7.6% to $171.09 on Monday. tradingview.com
- 2Morgan Stanley maintained an Overweight rating and a $300 price target for SpaceX. tradingview.com
- 3The $300 target implies roughly 75% upside from the Monday close. tradingview.com
- 4SpaceX plans to rename its AI unit from SpaceXAI to SpaceXSI. tradingview.com
- 5Second‑quarter revenue reached $7.8 billion, up from $4.1 billion a year earlier. tradingview.com
- 6SpaceX shares rose 4% after the Morgan Stanley note in a separate report. seekingalpha.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.