SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
SpaceX shares climbed to their highest close since June following an endorsement from Morgan Stanley, which described the equity as cheap and getting cheaper. The financial institution reaffirmed a price target of $300, pointing to the growth potential and profitability of the company. Monday trading saw the stock jump 7.66 percent to close at $171.13, marking a strong post-listing run following a $135 initial public offering. The valuation boost also follows flagged upside potential tied to artificial intelligence and upcoming Starship test flights.
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- ✓ SpaceX shares closed up 7.66 percent at $171.13 on Monday.
- ✓ Morgan Stanley reaffirmed a $300 price target on SpaceX shares.
- ✓ SpaceX reached its highest close since June.
What changed
Morgan Stanley issued a bullish note labeling the equity cheap and getting cheaper, which triggered a two-day market surge.
Live updates
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SpaceX Stock Surges Following Bullish Morgan Stanley Price Target
SpaceX shares climbed to their highest close since June following an endorsement from Morgan Stanley, which described the equity as cheap and getting cheaper. The financial institution reaffirmed a price target of $300, pointing to the growth potential and profitability of the company. Monday trading saw the stock jump 7.66 percent to close at $171.13, marking a strong post-listing run following a $135 initial public offering. The valuation boost also follows flagged upside potential tied to artificial intelligence and upcoming Starship test flights.
Why it matters
Wall Street sentiment toward the aerospace company has grown increasingly optimistic ahead of upcoming test flights. Analysts remain sharply divided on whether artificial intelligence, Starlink, and Starship justify the company valuation. The surging stock price has also pushed the net worth of Chief Executive Officer Elon Musk higher.
What is confirmed
- SpaceX shares closed up 7.66 percent at $171.13 on Monday.
- Morgan Stanley reaffirmed a $300 price target on SpaceX shares.
- SpaceX reached its highest close since June.
Still unconfirmed
- SpaceX is exploring a financing package consisting of roughly $10 billion in bank loans and another $30 billion in investment-grade bonds to purchase Nvidia chips.
What to watch next
- Upcoming Starship test flights.
- Further market reaction to valuation debates among Wall Street analysts.
confidence 95%Sources used for this update (17)
- The Motley Fool — Could Investing $5,000 in SpaceX Help Make You a Millionaire?
- Yahoo Finance — SpaceX jumps to highest close since June on bullish Morgan Stanley call
- Investopedia — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
- Seeking Alpha — SpaceX gains after Morgan Stanley flags AI, Starship upside (SPCX:NASDAQ)
- MarketWatch — SpaceX’s stock could actually be a bargain, according to this metric
- The Motley Fool — Most Investors Are Overpaying for SpaceX Stock. Here's the Price I'd Actually Buy At.
- CNBC — Wall Street is getting bullish on SpaceX again ahead of test flights
- www.zacks.com — SpaceX Stock Jumps on Bullish Morgan Stanley Call: ETFs to Watch - October 6, 2026 - Zacks.com
- www.aol.com — SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’ - AOL
- en.sedaily.com — SpaceX Jumps for Second Day After Morgan Stanley Says Buy Now - Seoul Economic Daily
- biz.heraldcorp.com — STOCKSpaceX shares surge 7% as Morgan Stanley reaffirms $300 target, sees 75% upside - The Herald Busines....
- www.ibtimes.com — SpaceX Could Borrow $40 Billion for Nvidia Chips as Musk Makes a Massive New Bet on AI. Its Stock Fell. |....
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