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SpaceX shares surge 8% as Morgan Stanley sets $300 target
SpaceX shares surged nearly 8% on Monday, reaching approximately $171 and marking their highest level since mid-June. This rally, bolstered by a positive report from Morgan Stanley, has pushed Elon Musk's net worth back above the $1 trillion threshold, estimated at $1.03 trillion.
Morgan Stanley analysts maintain an Overweight rating with a $300 price target, describing the stock as “cheap and getting cheaper” when adjusted for growth. The bank highlights SpaceX's potential in AI computing, Starlink, and upcoming Starship milestones as key drivers. Specifically, the company's plan to develop space-based AI data centers and its potential to provide computing services could significantly boost revenue.
Key operational developments include the upcoming 15th Starship test flight, which may attempt a ‘ship catch’ to demonstrate full reusability. Additionally, Musk has indicated discussions with TSMC regarding semiconductor production through the Terafab initiative. The company also continues to expand its defense footprint, having accumulated over $12.7 billion in revenue from US Department of Defense contracts.
Entities
Adam Jonas · Elon Musk · Morgan Stanley · Nasdaq · SpaceX · Starlink · Starship · TSMC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Elon Musk's net worth has returned to approximately $1.03 trillion. technews.tw · www.finanzen100.de · www.ithome.com · zdnet.co.kr · www.boersennews.de
- [● 2 SOURCES] SpaceX is in discussions with TSMC regarding semiconductor production via Terafab. biz.heraldcorp.com · finbold.com
- [● 4 SOURCES] SpaceX plans to conduct its 15th Starship test flight this month. blockchainseoul.kr · biz.heraldcorp.com · technews.tw · www.finanzen100.de
- [● 9 SOURCES] SpaceX is currently undervalued and has a price target of $300. blockchainseoul.kr · technews.tw · biz.heraldcorp.com · www.finanzen100.de · www.sharedeals.de · +4 more
- [● 4 SOURCES] The company is rebranding its AI division from SpaceXAI to SpaceXSI. technews.tw · www.ithome.com · zdnet.co.kr · www.finanzen100.de
- [● 4 SOURCES] SpaceX has accumulated over $12.7 billion in revenue from US Department of Defense contracts. technews.tw · zdnet.co.kr · biz.heraldcorp.com · www.finanzen100.de
- [● 2 SOURCES] Elon Musk is in discussions with TSMC regarding semiconductor production via Terafab. biz.heraldcorp.com · finbold.com