Morgan Stanley Reasserts Overweight on SpaceX With $300 Target Ahead of Starship Tests

Morgan Stanley has reiterated its Overweight rating and $300 price target on SpaceX, implying roughly 85% upside from its recent $162.57 close. Analyst Adam Jonas identified the upcoming Starship Flight 15 and 16 tests as critical inflection points for full rocket reusability. A single Starship flight carrying Starlink V3 satellites could match the capacity of one to two months of Falcon 9 launches. Momentum is further supported by an estimated $8 billion spectrum acquisition from Grain Management for Starlink Mobile and a price target increase by Pivotal Research to $230 from $220.