SpaceX jumps to highest close since June on bullish Morgan Stanley call

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1. 1h ago

   SpaceX Stock Jumps on Morgan Stanley Call, Pushing Musk to Trillionaire

   SpaceX shares climbed nearly 8 percent on Monday, reaching their highest close since mid-June following an optimistic assessment from Morgan Stanley. The financial firm stated the stock is cheap and getting cheaper while reiterating a 300 dollar target and highlighting artificial intelligence and Starship upside. The surge in equity value also lifted Elon Musk's net worth back above the trillion-dollar mark. Wall Street sentiment is growing more bullish on the company ahead of upcoming test flights, while analysts continue monitoring broader AI compute investments and hardware purchases like Nvidia graphics processing units.

   Why it matters

   The recent stock momentum reflects growing enthusiasm among analysts regarding the aerospace company's future ventures beyond standard launch services. Observers are increasingly pricing in potential returns from artificial intelligence capabilities, orbital data centers, and satellite communications. This valuation shift underscores how aerospace assets are increasingly evaluated through a technology and computing lens by major financial institutions.

   What is confirmed

   • SpaceX shares jumped nearly 8 percent on Monday, October 5, 2026, reaching their highest close since mid-June.
   • Morgan Stanley reiterated its 300 dollar price target for SpaceX and described the stock as cheap and getting cheaper.
   • The stock surge pushed Elon Musk's net worth back above the trillion-dollar mark.

   Still unconfirmed

   • Elon Musk's return to trillionaire status was specifically aided by a mostly successful Starship test held the previous week.

   What to watch next

   • Upcoming Starship test flights
   • Further financial updates and earnings metrics from SpaceX
   • Developments regarding AI compute investments and GPU purchases
   Sources used for this update (17)

   1. The Motley Fool — Could Investing $5,000 in SpaceX Help Make You a Millionaire?
   2. Yahoo Finance — SpaceX jumps to highest close since June on bullish Morgan Stanley call
   3. Yahoo Finance — SpaceX stock jumps on bullish Morgan Stanley call
   4. Investopedia — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
   5. The Motley Fool — SpaceX Earnings: 3 Numbers Long-Term Investors Should Watch
   6. Proactive financial news — SpaceX shares rise as Morgan Stanley reiterates $300 target
   7. Seeking Alpha — SpaceX gains after Morgan Stanley flags AI, Starship upside (SPCX:NASDAQ)
   8. MarketWatch — SpaceX’s stock could actually be a bargain, according to this metric
   9. CNBC — Wall Street is getting bullish on SpaceX again ahead of test flights
   10. stocktwits.com — Why Are Nasdaq, Dow Futures Rising Premarket? SPCX, NVDA, CEG, AMD, ORCL, NOK In Focus
   11. www.cnbc.com — SpaceX’s plans to buy more Nvidia GPUs is keeping Jim Cramer bullish on the chip stock
   12. finance.yahoo.com — SpaceX stock climbs again, hits another multimonth closing high
   confidence 100%