SpaceX receives nearly unanimous buy ratings from Wall Street brokerages; Morgan Stanley’s $300 target price underscores strong confidence

On July 7, with SpaceX having been listed for less than a month, major, globally renowned brokerages have turned their research attention toward SpaceX (SPCX) under Elon Musk, and have initially formed a positive “buy” investment consensus.

According to Bloomberg data, at least six top-tier brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have issued buy ratings for SpaceX and expressed optimism about its long-term development prospects, even as they still have concerns about its current profitability and valuation levels.

Among them, Morgan Stanley, in a report released on July 7, set a target price of $300—currently the top among its peers—implying roughly 87% upside from Monday’s closing price of $160.42.

The bank’s analysts believe SpaceX’s core value lies in its ability to “convert energy into intelligence and commercialize it through consumer and enterprise solutions in the AI era.”

This series of optimistic projections from Morgan Stanley also reflects the bank’s high expectations for SpaceX’s long-term potential in the space economy and AI infrastructure sectors.

At the same time, the bank’s analysts also provided a wide stock price range under extreme market scenarios, saying that in the most bearish extreme scenario, SpaceX’s stock could fall as low as $75, while in a bullish scenario it could rise to as high as $600.

In terms of revenue forecasts, Morgan Stanley expects SpaceX’s revenue to reach $319 billion by 2030, and to grow further to $3.3 trillion by 2040, indicating the bank’s optimistic outlook on its long-term revenue performance.

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