SpaceX (SPCX) Stock Prediction: $171.09 Close, $300 Bull,…
By Tobi Opeyemi Amure
AI summary of the source article
Space Exploration Technologies closed at $171.09, up 7.63 percent, following discussion of a rebranding to SpaceXSI as a super intelligence company. Morgan Stanley analyst Adam Jonas reiterated a $300 bull case price target based on a sum-of-the-parts model allocating $165 to enterprise AI after a 50 percent execution discount, $118 to connectivity, $8 to external launch, and $8 to X and Grok. Despite Musk's comments, the stock opened flat at $158.985 before climbing during the trading session on over 135 million shares of volume, leaving the price significantly below the $300 target.
Why it matters
The analysis outlines how Wall Street models are increasingly attributing substantial valuation premiums to potential enterprise AI applications beyond traditional space and satellite connectivity businesses.
Key facts
- SpaceX closed at $171.09, up 7.63 percent, with trading volume reaching 135,688,900 shares.
- Morgan Stanley reiterated a $300 bull case price target comprising $165 for enterprise AI, $118 for connectivity, and $8 each for external launch and X/Grok.
- Elon Musk agreed on social media platform X to rename the company to SpaceXSI, calling it a super intelligence company.