Morgan Stanley Sticks $300 Target on SpaceX, Now With Extra AI Sprinkle 🚀

Morgan Stanley has reiterated its "Overweight" rating and $300 price target on Elon Musk's SpaceX, pointing to the company's artificial intelligence ambitions and an upcoming Starship test flight as catalysts for investor attention. In a fresh note, the bank flagged SpaceX's potential to improve the "intelligence to watt-per-dollar-per-second" ratio, framing the launch operator as a participant in efforts to deliver higher AI compute performance at lower energy and time cost. The assessment extends Morgan Stanley's investment thesis on SpaceX beyond rockets and Starlink broadband into broader technology and AI infrastructure.

The bullish call comes ahead of Starship's first orbital flight test, currently scheduled for September 22. Market participants are tracking the mission for its implications for SpaceX's near-term launch cadence, longer-term aerospace expansion, including stated plans in aviation, and the company's overall valuation trajectory. The bank has maintained its $300 estimate as activity around Starship and Starlink continues to develop.

SpaceX remains privately held, with shares trading on secondary markets rather than public exchanges. No ticker is currently assigned on major stock listings for the company. Investors and observers are awaiting post-flight updates from SpaceX on Starship's performance, data from the test campaign, and any further disclosures tied to its AI-related initiatives. The Starship launch window, alongside Morgan Stanley's reiterated valuation, is being watched as a near-term marker for secondary-market sentiment toward the company.

The Starship test is also drawing attention from industry observers tracking reusable heavy-lift launch systems and from analysts covering the intersection of space infrastructure and AI compute capacity. Morgan Stanley's note did not specify a timeline for reaching the $300 price target or provide updated revenue or launch-cadence figures in the publicly reported summary. Further updates from SpaceX on the September 22 flight attempt are expected following the test window.