- Morgan Stanley analyst Adam Jonas said SpaceX shares offer more than 70% upside from the cited Tuesday close and reiterated a $300 price target.
- The Louisiana Starbase plan calls for 15 launch pads, with three more expected to be operational by the end of 2027, supporting thousands of annual launches.
- Jonas’s $300 valuation assigns more than half of the target to SpaceX’s AI ambitions, with the remainder split between launch services and Starlink connectivity.
- SpaceX traded at $139.07 in the cited report, well below its post-IPO high above $225.
Quotes
“We do not believe investors appreciate the scale of what SpaceX is planning with Starship”
“potential generational compounder”
“attractively valued”