Morgan Stanley Rates SpaceX Overweight, $300 Target
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- Morgan Stanley initiated coverage on Space Exploration Technologies Corp. (SPCX) with an overweight rating, saying the company can convert energy into intelligence at scale for the next era of AI.
- Morgan Stanley set a price target of $300 per share on SpaceX, while the headline also notes Goldman Sachs is rating the company bullish.
Why it matters: Morgan Stanley and Goldman Sachs — two of Wall Street's most influential banks — are both publicly bullish on SpaceX, with Morgan Stanley assigning an overweight rating and a $300 price target while framing the company as AI infrastructure. That dual-bank endorsement gives institutional weight to the private company's energy-to-intelligence narrative at a moment when AI is the dominant investor theme.
