SpaceX Stock Keeps Getting ‘Cheaper and Cheaper’
SpaceX shares are climbing higher and hitting multimonth closing highs following a bullish note from Morgan Stanley describing the equity as cheap and getting cheaper. The rally has helped push Elon Musk back into trillionaire status, supported by gains across his corporate holdings. Meanwhile, Wall Street is growing increasingly optimistic ahead of upcoming test flights. Starlink operations and broader technological developments continue to drive intense market interest, even as traders weigh short-term options pricing against long-term valuations.
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- ✓ SpaceX stock surged and climbed higher toward multimonth closing highs following a bullish call from Morgan Stanley.
- ✓ Elon Musk has returned to trillionaire status following a rally in his corporate holdings including SpaceX and Tesla.
What changed
Morgan Stanley issued a fresh bullish assessment calling the stock cheap and getting cheaper.
Live updates
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SpaceX Stock Climbs After Morgan Stanley Call
SpaceX shares are climbing higher and hitting multimonth closing highs following a bullish note from Morgan Stanley describing the equity as cheap and getting cheaper. The rally has helped push Elon Musk back into trillionaire status, supported by gains across his corporate holdings. Meanwhile, Wall Street is growing increasingly optimistic ahead of upcoming test flights. Starlink operations and broader technological developments continue to drive intense market interest, even as traders weigh short-term options pricing against long-term valuations.
Why it matters
The recent surge highlights growing investor enthusiasm for SpaceX despite complex market dynamics. Starlink now generates substantial revenue relative to other major tech ventures, providing significant leverage and valuation support. Analysts continue to debate the company's long-term trajectory as upcoming test flights approach.
What is confirmed
- SpaceX stock surged and climbed higher toward multimonth closing highs following a bullish call from Morgan Stanley.
- Elon Musk has returned to trillionaire status following a rally in his corporate holdings including SpaceX and Tesla.
Still unconfirmed
- Traders are assigning less than a 50 percent chance that SpaceX touches $225 at any point between now and July based on options pricing.
- Goldman Sachs reportedly raised its price target to $230 amid a $40 billion Nvidia chip funding push.
What to watch next
- Upcoming SpaceX test flights
- Shifts in options pricing toward the $225 threshold
- Further analyst price target revisions from major financial institutions
confidence 90%Sources used for this update (19)
- Bloomberg.com — Musk Is a Trillionaire Again as SpaceX Claws Back Post-IPO Slump
- Investopedia — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
- CNBC — Wall Street is getting bullish on SpaceX again ahead of test flights
- MarketWatch — Elon Musk is a trillionaire again. Here’s how his wealth stacks up against national economies.
- CNBC — SpaceX stock is taking off again, but with one key difference this time
- Fortune — Elon Musk is a trillionaire again—and he'd still be the richest person on the planet even if he gave everyone $90
- Barron's — SpaceX Stock Keeps Getting ‘Cheaper and Cheaper’
- Yahoo Finance — SpaceX stock climbs higher, poised for another multimonth closing high
- Business Insider — Millions of people and dozens of countries rely on Starlink, giving Elon Musk unprecedented leverage
- Barchart.com — Morgan Stanley Remains Bullish on This ‘Undervalued’ Trillion-Dollar Stock
- Yahoo Finance — SpaceX stock climbs again, hits another multimonth closing high
- Seeking Alpha — SpaceX: 10 GW Could Change The Entire Story (NASDAQ:SPCX)
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