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[Morgan Stanley Maintains Overweight Rating on SpaceX, Target Price $300] Morgan Stanley maintains an Overweight rating on SpaceX with a target price of $300, compared to the current price of $148.15. The target price is broken down as follows: $165 for AI computing power, $118 for satellite broadband, $8 for rocket launches, and $8 for X and Grok. The report raises 2026 earnings per share by 1% and 2027 by 3.8%, reflecting the newly disclosed $1.1 billion neocloud deal. Morgan Stanley believes the market is underestimating the value of SpaceX's AI computing power business. Bull case target price: $600; bear case: $75. (Source: Trend Research)