Morgan Stanley initiates SpaceX with an "Overweight" rating and a target price of $300

The bank set the target price at $300 per share, representing about a 90% upside from Monday’s closing price, marking the highest target price given by Wall Street. Morgan Stanley expects SpaceX’s revenue to surpass $3.3 trillion by 2040, mainly due to its creation of new market opportunities in connectivity and “physical artificial intelligence” services. However, the report also warns of risks, including the company’s heavy reliance on founder Elon Musk, conflicts of interest related to Tesla, and uncertainties at the regulatory and geopolitical level. Additionally, the company’s enormous financing needs and limited market depth may also slow down the pace of new technology deployment.