CryptoJie.com news: Morgan Stanley predicts that SpaceX (SPCX) shares will reach $300, even though the current share price has fallen to $110. After Starship’s 13th flight verification of key milestones, Morgan Stanley has maintained an “add” rating for SpaceX and a $300 target price. Although the Super Heavy V3 booster ran into difficulties during landing, Morgan Stanley said that Starship’s 13th flight strengthened confidence in SpaceX’s development path. The company expects Starship’s 14th flight may take place in late August or early September, when it could attempt its first tower catch of the Starship upper stage. Investors are watching the company’s earnings report after its first IPO on August 4, which is expected to bring in about $6.9 billion in revenue, with a loss per share of between $0.22 and $0.28.

SPCX-1.23%
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