Despite a 36% pullback from record highs, Morgan Stanley maintains a $300 price target on SpaceX, betting that the company's vertical integration in AI infrastructure will drive significant long-term value.
SpaceX shares have corrected 36% from their all-time highs, but Morgan Stanley remains bullish on the company's long-term trajectory. Analysts reiterated a buy rating with a $300 price target, citing the firm's massive potential in AI compute infrastructure as the primary catalyst for future growth.
Morgan Stanley believes SpaceX is a generational compounder in the AI sector, specifically due to its ability to scale energy-efficient, high-speed compute infrastructure.
According to the article, SpaceX estimates that more than 90% of its long-term growth potential lies within its AI business.