Morgan Stanley reiterates SpaceX's overweight rating, with a target price of $300

Morgan Stanley reiterates its overweight rating for SpaceX, with a target price of $300 and a target price of $600 in a bull market scenario. Analyst Adam Jonas believes that the market has underestimated SpaceX's AI platform, including computing, connectivity, and real-time data capabilities. The upcoming Grok model will help narrow the valuation gap. Adam Jonas sees the expiration of the lock up period as an opportunity for investors to enter the market.