Quick overview
- SpaceX has rebounded from its 52-week lows, with analysts maintaining an Overweight rating and a price target of $300.
- Morgan Stanley emphasizes the company’s long-term growth potential in distributed AI infrastructure and advanced manufacturing.
- Starlink continues to contribute significantly to revenue, with expanding operating margins and strong third-quarter results of $14.58 billion.
- Recent pre-IPO shareholder lockups have made additional shares eligible for trading, while SpaceX remains part of major market indices.
SpaceX rebounded from its 52-week lows tested during late summer (~$108–$115 levels in August 2026). Analysts (such as Morgan Stanley) maintain an Overweight rating with price targets in the $300 region, citing growth-adjusted multiples lower than mega-cap technology peers. The stock subsequently staged a strong V-shaped recovery, moving back into the $140–$150+ range
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on SpaceX, maintaining a $300 price target. The investment bank highlighted that the market is underestimating the company’s long-term growth opportunities, particularly its transition into distributed AI infrastructure, advanced manufacturing, and space-based computing.
Morgan Stanley highlighted SpaceX’s potential in building a “Distributed Inference Cloud”—connecting AI agents, robotics, and physical systems to share compute capacity between ground data centers and orbital nodes.
The analyst firm pointed toward broader long-term opportunities in physical intelligence, industrial automation, and space infrastructure as core drivers of upside revenue expansion
Starlink continues to drive the top line with high-margin recurring satellite internet revenue. Operating margins in the Starlink segment continued expanding toward target ranges. Starship Launches: Execution on Starship launches (orbital tests and commercial payload deployments) remains the major catalyst for scaling launch mass while reducing cost per kilogram. Growth in Starshield defense satellite contracts and government launch commitments provides stable revenues.
SpaceX reported strong third-quarter revenue of $14.58 billion (up 161% year-over-year), driven by massive growth in its AI and Starlink segments. Major pre-IPO shareholder lockups occurred in October 2026, making additional shares eligible for public trading without disrupting the overall baseline trajectory. : SpaceX is currently included in the Nasdaq-100 and the CRSP US Total Market Index.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 20 years of working experience in investment trading
www.fxleaders.com