SpaceX (SPCX) stocks have experienced a 33% decline from their peak after going public, but Morgan Stanley remains optimistic about the potential for the stock to nearly double in value.
Elon Musk’s space and AI company made its public debut on June 12th, 2026, with shares priced at $135 each, raising approximately $85.7 billion. The valuation surged from $1.77 trillion to almost $2.8 trillion before the recent pullback.
Currently, the shares are trading around $152.71 with a market cap of about $2.1 trillion.
On September 15th, Morgan Stanley reiterated its buy rating with a $300 price target, suggesting a potential 100% increase in the coming year, as reported by The Motley Fool.
Analyst Adam Jonas views SpaceX as a transformative company that can efficiently convert energy into networked intelligence at a large scale.
About half of the projected growth is attributed to AI opportunities, with SpaceX estimating a $26.5 trillion market in AI out of a $28.5 trillion addressable market.
Long-term prospects for SpaceX indicate that over 90% of its growth will stem from AI, complemented by its space endeavors.
In a 2020 analysis, Morgan Stanley highlighted the potential benefits for long-term investors in the space industry.
They emphasized the emergence of a new space era with numerous opportunities in space infrastructure, satellite technology, space tourism, and more.
Investing in the space industry is viewed as a multidecade venture with significant returns expected in the future.
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