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Morgan Stanley forecasts SpaceX stock could surge over 125% to $300, driven by AI growth and Starlink expansion.

Analyst Insights
09 Aug 2026
Finbold
View Source
Bullish
Morgan Stanley forecasts SpaceX stock could surge over 125% to $300, driven by AI growth and Starlink expansion.

Morgan Stanley analyst Adam Jonas projects SpaceX stock could rally more than 125% from its current price to reach $300 per share, citing the company's expanding artificial intelligence business and strong Starlink satellite service growth. SpaceX recently reported a 92% revenue increase to $7.8 billion and significant cash reserves following its IPO. While the stock faces challenges from heavy AI investment costs, the long-term outlook remains positive with plans to hit $100 billion in annual revenue by 2026. This forecast is more optimistic than the average Wall Street target but below the highest estimates, reflecting confidence in SpaceX's unique blend of launch infrastructure, satellite networks, and AI capabilities.

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