Morgan Stanley Maintains $300 Target Price for SpaceX... More Than Half Bet on AI

Analysts note that if SpaceX's stock drops to $100, the market is nearing a level where it effectively ignores the company's AI business valuation. Morgan Stanley warns investors are significantly downgrading SpaceX's AI business value, with analyst Adam Jonas setting $10,000 as a key price point. After the lock-up period ends, the market may test this level, potentially excluding AI sector value. Jonas maintains a $300 target price, with over half attributed to AI value. While investment sentiment has turned more pessimistic, fundamentals remain largely unchanged, positioning current prices as an entry point. Market concerns center on the upcoming lock-up release, with SpaceX scheduled to report its first earnings call on August 4th, followed by insiders selling up to 91.5 million shares—doubling the circulating supply. However, Wall Street remains bullish, with approximately 80% of analysts recommending buying, averaging a $232 target—double the recent stock price. Goldman Sachs, Bank of America, Citigroup, and JPMorgan also recommend buying post-IPO.