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Morgan Stanley keeps 'Overweight' on SpaceX with $300 target ahead of earnings report.

Analyst Insights
29 Jul 2026
Finbold
View Source
Bullish
pluang ai news

Morgan Stanley reaffirmed its 'Overweight' rating on SpaceX and set a $300 price target, implying 165% upside from the current $113 share price. The upcoming August 4 earnings report is highly anticipated for updates on SpaceX's AI infrastructure, Starlink growth, and long-term strategy. Analyst Adam Jonas highlighted the potential revenue boost from deploying over 2 gigawatts of AI computing capacity next year and progress in cloud deals and AI adoption. Risks include high capital expenditures, potential shareholder dilution, and slower Starlink subscriber growth. The $300 target is above Wall Street's average $239 but below the highest $800 forecast, with SpaceX shares having declined since their IPO peak.

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