Morgan Stanley Sees Starship Catch as Key Catalyst for SpaceX

Morgan Stanley has reaffirmed its Overweight rating and $300 price target for SpaceX (SPCX), with analyst Adam Jonas noting that the stock currently trades about 40% below its mega-cap AI peers when adjusted for growth. Shares of SpaceX have recently surpassed $160, pushing the company’s market capitalization above $2.23 trillion.

The investment bank highlights several potential catalysts for SpaceX, including upcoming Starship flights, Q3 earnings, the release of Grok, and additional neocloud deals. According to the note, a successful Starship catch could be the most significant catalyst since the company’s IPO.

Anjali Belgaumkar, the author of the report, is a financial news and cryptocurrency writer with a focus on research and analysis. While she may not consider herself a crypto enthusiast, she is increasingly engaged in the space.