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Morgan Stanley has reiterated an Overweight rating on SpaceX, establishing a 300 dollar price target that implies 85 percent upside from current implied private valuations of roughly 160 dollars per share. The bullish thesis relies heavily on the upcoming Starship Flight 15 proving out crucial reusability milestones, alongside the deployment of next-generation Starlink V3 satellites delivering a ten-fold jump in downlink capacity. The investment bank assigns 165 dollars per share to enterprise AI and orbital computing, and 118 dollars to global connectivity. With projected earnings surging from 0.55 dollars per share in 2026 to 6.01 dollars by 2028, achieving complete reusability and engine reliability will be paramount to unlocking this valuation.
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