Wall Street gives SpaceX an "initial bullish" rating, with Morgan Stanley predicting the stock price could rise by up to 87%

According to a report by Caixin on July 7, SpaceX has won preliminary support from Wall Street, with global brokerages beginning to rate this rocket and AI company owned by Musk, forming a clear consensus: buy the stock.

At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have started rating the stock, giving it a rating equivalent to buy, and agreeing with SpaceX's long-term growth narrative, although questions surrounding the company's profitability, execution, and valuation remain. Among them, Morgan Stanley set a target price of $300, one of the highest target prices on Wall Street, indicating an 87% upside from Monday's closing price of $160.42.

Morgan Stanley expects SpaceX's stock price to be $75 in a bear market scenario and $600 in a bull market scenario, with revenues potentially reaching $319 billion by 2030 and $33 trillion by 2040.