Morgan Stanley raises SpaceX target price to $300

Morgan Stanley analyst Adam Jonas set SpaceX's target price at $300, after previously soaring to $225 and falling back to around $125. Morgan Stanley expects SpaceX's revenue to grow from $18.7 billion in 2025 to $319 billion in 2030, and reach $3.3 trillion by 2040. Musk agrees with this growth expectation. SpaceX has set the potential market size at $28.5 trillion in the S-1 document, of which $2 trillion is unrelated to AI. SpaceX plans to launch an AI satellite constellation called Starmind and launch the first batch of satellites using Starship rockets as early as next year.