Morgan Stanley Reaffirms Overweight Rating on SpaceX Amid AI and Starship Potential
Shares of SpaceX (SPCX) climbed approximately 4% following an upgrade from Morgan Stanley, which highlighted the company's potential in both the space industry and artificial intelligence sectors. The firm described SpaceX as offering a cost-effective way to gain exposure to these growing markets. Morgan Stanley reiterated its overweight rating on SPCX with a $300 price target, signaling confidence in the stock’s future performance relative to broader market benchmarks.
Topics: artificial intelligence Morgan Stanley space economy SpaceX stock price movement