Morgan Stanley Sees Broader Potential in SpaceX Beyond Spaceflight

By EC Assets · Published 14 October 2026

Morgan Stanley highlights aspects of SpaceX beyond its traditional rocket and satellite operations. The firm believes investors are missing a broader narrative regarding the company's future value. SpaceX shares rose approximately 4% on Monday following Morgan Stanley's commentary. Morgan Stanley indicated that SpaceX offers an "unusually che" upside. The firm sees SpaceX's next Starship launch, Flight 15, as a potential major catalyst. This launch may boost reusability, reduce launch costs, and expand the upside for Starlink and artificial intelligence initiatives. Morgan Stanley has set a $300 target for SpaceX. SpaceX is making a significant investment in artificial intelligence. The company acquired Musk's xAI earlier in the year. SpaceX also plans to develop orbital data centers as part of its AI strategy. These developments are viewed as central to the business's future. The company's stock trades at around 30 times estimated 2028 earnings before interest and taxes. This valuation is nearly double the multiple of other mega-cap AI companies. SpaceX requires substantial capital to build its business. Starship’s 13th test flight recently lifted off from Texas. This flight successfully released 20 Starlink V3 satellites. The vehicle also endured reentry. This article is intended for informational purposes only. It does not constitute investment advice.