Morgan Stanley assigns $8 per SpaceX share to its space business, targets $300 stock price

Morgan Stanley initiated SpaceX coverage with an overweight rating and a $300 price target, arguing the company’s “space” segment is worth about $8 a share within a broader multi‑layer AI‑enabled infrastructure platform. They model SpaceX as combining neocloud compute, managed AI infrastructure, and enterprise software alongside Starlink and orbital compute, forecasting revenue growth from $45B in 2026 to $319B in 2030 and $3.3T in 2040. The analysis highlights potential gains from cheaper launch costs, Starlink’s expansion, and orbital data centers, but notes the space segment would be a small portion of the valuation and warns of funding needs and possible equity dilution if debt financing becomes less favorable.}