मॉर्गन स्टेनली द्वारा $300 के टारगेट का समर्थन करने के बाद स्पेसएक्स का स्टॉक बढ़ा

Morgan Stanley analyst Adam Jonas reaffirmed an Overweight rating on SpaceX and maintained his $300 per share price target in a note issued on Sunday. Following a 7.63% increase, the stock closed at $171.09 on October 5, meaning the $300 target indicates roughly 75% upside potential from that level. This bullish note from Morgan Stanley arrived around the same time Elon Musk verified that SpaceX has held discussions with TSMC regarding the Terafab chip initiative.

Also Read: SpaceX Stock Forecast: Needham Sees $250, Bernstein $248, BofA $235

SpaceX Stock Target, $300 Forecast and TSMC Talks Explained

During overnight trading, the stock traded within a range of $158.62 to $172.47 and was positioned at $172.21, with approximately 134.4 million shares changing hands—well above the 91.3 million average volume. The $300 target sits far above the 52-week high of $225.64 and easily surpasses the consensus one-year estimate of $227.44.

Why Morgan Stanley Keeps Its SpaceX Stock Target At $300

Titled “SPCX $159: Cheap and Getting Cheaper,” the note by Jonas highlights that a $159 share price values the company at about 30 times estimated 2028 EV/EBIT, compared to approximately 16 times for large-cap AI leaders. When adjusted for growth, that metric falls to roughly 0.3 times, sitting nearly 40% lower than the peer median.

Adam Jonas stated:

“We think that over the next few weeks (ahead of Starship Flight 15), investors can take advantage of a unique opportunity to buy shares that look unusually cheap.”

The financial institution assigns a valuation of $127 per share to the Space and Connectivity segments at a $159 share price, attributing the remaining $32 per share to artificial intelligence. This valuation gap forms the core of Morgan Stanley’s rationale, and the $300 price target relies heavily on the success of the AI division.

SpaceX TSMC Talks Bring A New Chip Angle

On October 3, Musk used X to confirm that early conversations are taking place between TSMC and Terafab, a chip venture supported by both SpaceX and Tesla. The proposed facility would manufacture semiconductors for xAI, Tesla, and SpaceX.

Elon Musk offered this perspective:

“Just discussions, but something may come of it.”

With no financial figures, formal timelines, or official contracts in place—and with TSMC declining to comment—the discussions function more as an optional bonus rather than a fundamental pillar for the SpaceX valuation target.

Starship Flight 15 Is The Next Big Test

As Jonas noted:

“We believe future AI product releases, Starship progress, and additional neocloud contracts showing continued pricing around $30-50/watt are all upside-skewed catalysts that can push the stock closer to our $300/share price target.”

Upcoming events include Starship Flight 15 slated for late October or early November, which Jonas suggested could feature a successful ship catch as the most significant positive catalyst since the company’s IPO. Third-quarter financial results are also anticipated around November 3. Each of these milestones has the potential to sway the ongoing debate over the valuation. Because trailing EPS remains at -$1.10, the $300 objective depends on profitability expected several years down the line. Meanwhile, John Blackledge of TD Cowen initiated coverage last week with a Buy recommendation and a $200 target, providing a more conservative perspective to the market discussion. For supporters of Morgan Stanley’s outlook, adherence to schedules for Starship and AI ventures is critical, as flight test outcomes can trigger sharp movements in the share price.

?अक्सर पूछे जाने वाले प्रश्न

01What is Morgan Stanley’s price target for SpaceX?

Morgan Stanley maintains a $300 per share price target for SpaceX with an Overweight rating.

02What are the upcoming catalysts for SpaceX stock?

Key catalysts include Starship Flight 15 (scheduled for late October or early November), upcoming third-quarter earnings around November 3, future AI product releases, and neocloud contracts.

03Have SpaceX and TSMC officially partnered on chips?

Elon Musk confirmed that early discussions are underway between TSMC and the Terafab chip venture, but no contracts, financial figures, or timelines have been finalized.

04What are other financial institutions projecting for SpaceX?

Needham has set a $250 target, Bernstein a $248 target, Bank of America a $235 target, and TD Cowen a $200 target.

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