Morgan Stanley Starts SpaceX at Overweight, $300 Target
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- Morgan Stanley initiated coverage on SpaceX (SPCX) with an overweight rating, arguing the company can "convert energy into intelligence at scale for the next era of AI."
- The bank set a $300 per share price target on SpaceX as the private company begins trading on the Nasdaq.
- Goldman Sachs also rated SpaceX bullish (per the article's headline), joining Morgan Stanley in Wall Street's endorsement of SpaceX's public-market debut.
Why it matters: Two top-tier banks are putting formal price targets and buy ratings behind SpaceX within days of its Nasdaq entry, giving institutional investors cover to build positions in a stock with limited float. The $300 Morgan Stanley target anchors valuation expectations at a moment when the IPO's pricing is still being digested.
