Morgan Stanley for SpaceX: Double the target price, 17 times the five-year recovery

SpaceX has moved in the same direction as a roller coaster since its listing about a month ago. Although SpaceX had surged to $225 and then returned to about $125, Morgan Stanley Analyst, who was responsible for long-term tracking of SpaceX, Adam Jonas, set the benchmark price for the Unit at $300 per share. This goal implies a huge increase in space, more than double the current share price. But the price of such an ambitious target depends on SpaceX being much more than just a space unit. It is essentially a vertical integration of bets. Morgan Stanley expects SpaceX to grow at an alarming rate in the foreseeable future. The study assumes that SpaceX ' s income will increase from $18.7 billion in 2025 to $31.9 billion in 2030 and $3.3 trillion in 2040. Most of this growth comes from the area of artificial intelligence, and Morgan Stanley expects SpaceX to build orbital infrastructure for global connectivity and AI. Mask agrees. The company ' s S-1 listing document set the potential market size at approximately $28.5 trillion, of which all but $2 trillion were AI-related. SpaceX plans to launch a large AI satellite constellation called Starmind, which essentially builds data centres in orbit. The company hopes to launch its first AI satellites using the Starfleet rockets as early as next year. Kim Xian