Elon Musk’s SpaceX Stock Forecast: Morgan Stanley Sees $600 Bull Case

TLDR

• Morgan Stanley maintains a $300 SpaceX price target while setting a $600 bull case for stronger AI growth.
• SpaceX’s planned $60 billion Cursor acquisition is central to Morgan Stanley’s higher valuation scenario.
• Cursor’s annual recurring revenue could reach $8 billion by year-end 2026 and $33 billion by 2030.
• Morgan Stanley expects Cursor to contribute about $2.5 billion to SpaceX revenue in 2026 and $13 billion in 2027.
• Upcoming Grok updates, Cursor revenue data and potential Composer 3 launch remain key developments for SpaceX stock.

SpaceX stock is facing a wide valuation range after Morgan Stanley maintained a $300 price target while setting a $600 bull case.

The forecast follows SpaceX’s planned $60 billion acquisition of Cursor, an artificial intelligence coding platform developed by Anysphere. Morgan Stanley expects the deal to add new revenue to SpaceX as the company expands beyond rockets and Starlink.

Morgan Stanley Maintains $300 SpaceX Price Target

Morgan Stanley has kept its $300 SpaceX stock price target following the planned Cursor acquisition. The firm also set a $600 bull case based on stronger growth across SpaceX’s AI operations, Starship and orbital computing plans.

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