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Morgan Stanley calls SpaceX stock 'cheap and getting cheaper' with a $300 price target.

Analyst Insights
06 Oct 2026
Finbold
View Source
Bullish
Morgan Stanley calls SpaceX stock 'cheap and getting cheaper' with a $300 price target.

Morgan Stanley analyst Adam Jonas described SpaceX stock as undervalued and a cost-effective way to invest in the space and intelligence economy. He emphasized urgency for investors to act before the upcoming Starship Flight 15 in October. Jonas maintained an 'Overweight' rating and a bullish $300 price target, which is 75% above the recent closing price of $171.09. Other Wall Street analysts also view SpaceX as a strong buy, expecting the stock to reach a new all-time high around $235 within the next year. The stock has surged 15% in early October, driven by positive developments including Elon Musk's political return, AI technology rebranding, Starship launches, and potential collaboration with TSMC on a new plant.

SpaceX holds a massive market cap of $2.32 trillion as of Oct 06, 2026, 17:12 WIB, with a daily price increase of 1.30% on Pluang. The stock's enterprise value stands at $2.26 trillion, reflecting its significant scale within the industrial sector. Despite Morgan Stanley's $300 price target, SpaceX trades at $173.32 on Pluang, where the order activity leans slightly towards selling at 56%.

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