Morgan Stanley Set SpaceX Price Target at $300
The firm advised clients to purchase stock, citing valuation as undervalued relative to future growth.
Updated on Oct. 6, 2026 in Space
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Morgan Stanley has issued a note to clients advising them to purchase shares of SpaceX, establishing a price target of $300. The recommendation follows the company's initial public offering, which was completed in June 2026.
Why it matters
Analysts identified SpaceX as a significant contributor to global power and chip manufacturing capacity, leading to the assessment that current share prices are undervalued.
Morgan Stanley established a $300 target share price for SpaceX, a significant premium over the approximately $158 price observed last week. Analysts based this valuation on the firm's role in industrial infrastructure, specifically its power and chip manufacturing capacity.
The players
Morgan Stanley
A global financial services firm that served as an underwriter for the SpaceX initial public offering.
SpaceX
An aerospace manufacturer and satellite communications operator currently scaling Starship launch operations.
The details
The firm assigned a B+ rating to SpaceX Test Flight 14, which took place on September 28, 2026. SpaceX, an aerospace manufacturer and satellite communications operator, has been utilizing its Test Flight program to iterate on the Starship launch vehicle platform. Analysts expect upcoming earnings to rise as the firm continues its flight schedule.
Timeline
May 22, 2026: SpaceX conducted Test Flight 12.
June 2026: SpaceX completed its initial public offering.
September 28, 2026: SpaceX conducted Test Flight 14.
September 29, 2026: Morgan Stanley issued a client note regarding flight performance.
October 2026: SpaceX is scheduled to conduct Starship Flight 15.
The Tech Race
This financial evaluation updates the market standing established by the June 2026 SpaceX initial public offering. It positions the firm not merely as a launch provider but as an integral link in global power and semiconductor manufacturing supply chains.
Investors who track institutional sentiment may note the shift in valuation metrics for space-sector equities. The guidance primarily affects brokerage clients and those monitoring the company's integration into broader semiconductor and power manufacturing markets.
The takeaway
The move suggests institutional confidence in SpaceX's operational expansion beyond aerospace. Watch for Starship Flight 15 results in the coming weeks as a key indicator for potential earnings growth.
What happens next
SpaceX will conduct Starship Flight 15 in the coming weeks.
Further reading
For broader trends in private aerospace, explore the Space section.
Source note: This article includes information reported by Advanced-television.
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