Morgan Stanley Sets $600 Target for SpaceX Stock Price: Here’s Why
Key Insights
- Morgan Stanley sets a $600 bull-case price target for SpaceX stock.
- Analyst Adam Jones links the potential upside to Cursor’s frontier-model ambitions.
- Morgan Stanley maintains its $300 base-case price target for SpaceX shares.
Morgan Stanley analyst Adam Jonas has retained a $300 target for SpaceX while presenting a $600 bull-case valuation. Cursor could support that higher scenario as the company develops an AI platform spanning intelligence, data, computing, and connectivity.
Meanwhile, the SpaceX stock price trades below its IPO level following a brief move above $135 on Monday.
Cursor Supports SpaceX Stock Price Outlook
Jonas identified Cursor’s planned development from an AI coding assistant into a frontier model as a central factor. Morgan Stanley’s $600 bull case represents approximately 330% upside from the price referenced in its assessment.
Notably, SpaceX plans to acquire Cursor as part of its broader AI strategy. Jonas expects the combined platform to reach beyond software coding and connect several Musk-led businesses.
