SpaceX Stock Eyes $300 Target as Starship Catch Looms
SpaceX's stock (SPCX) continues to attract attention from analysts, with Morgan Stanley reiterating its Overweight rating and setting a price target of $300. Analyst Adam Jonas noted that the stock is trading about 40% below its mega-cap AI peers on a growth-adjusted basis. Currently, shares are above $160, pushing SpaceX's market capitalization past $2.23 trillion.
The company has several potential catalysts on the horizon, including upcoming Starship flights, Q3 earnings, and updates on Grok releases. Another key area of interest is additional neocloud deals. Jonas highlighted that a successful Starship catch could be the biggest catalyst since the company's IPO.
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