Morgan Stanley and Goldman Sachs split on SpaceX price target
Per Morgan Stanley: SpaceX is worth $300 a share on reusable rockets, Starlink and AI infrastructure; Goldman sees $205.
what happened
Morgan Stanley's Adam Jonas initiated coverage of SpaceX (Nasdaq: SPCX) on July 7 with an Overweight rating and a Street-high $300 price target, framed as the base case within an intentionally wide range from a $75 bear case to a $600 bull case that would imply a market value near $8 trillion, per Yahoo Finance. Goldman Sachs set $205, with Citi at $200 and Bernstein at $239.
why it matters
Jonas's case leans on reusable rockets, Starlink and a data-center and space-infrastructure story rather than launch alone, and the spread is the point: a $75-to-$600 range on one stock, with the major banks clustered between $200 and $300, means Wall Street has no settled method for valuing a pure-play space major. That unresolved number now anchors how every other space company is priced against a public SpaceX.
signal-to-noise
quick facts
- Companies
- SpaceX
- Category
- financial
- Impact
- notable
- SNR
- 4 / 5
- Event date
- 2026-07-07
- Published
- 2026-07-08 11:28 UTC