---
title: "Morgan Stanley Analyst Sets Ambitious $600 Price Target for SpaceX Stock"
url: https://projectchintan.com/article/spacex-stock-price-target-morgan-stanley-bqakl
publisher: Project Chintan
author: Project Chintan Newsroom
section: Business
published: 2026-08-12T20:45:32.075Z
modified: 2026-08-12T23:00:06.286Z
language: en-IN
---

# Morgan Stanley Analyst Sets Ambitious $600 Price Target for SpaceX Stock

Morgan Stanley analyst Adam Jonas presented a bullish scenario where SpaceX stock could reach $600, valuing the company at $8 trillion. This projection hinges on SpaceX successfully deploying AI data centers in orbit and expanding Starlink services significantly beyond current capabilities.

## Key takeaways

- Morgan Stanley analyst Adam Jonas set an ambitious "bull case" price target of $600 for SpaceX stock.
- This projection requires SpaceX to deploy orbital AI data centers affordably and expand Starlink services to billions of AI-powered robots by 2040.
- While many Wall Street analysts are bullish, with an average target around $227, Morningstar offers a more skeptical view, valuing core businesses at $40 per share.

Morgan Stanley analyst Adam Jonas has outlined a "bull case" scenario where shares of Space Exploration Technologies Corp. could reach $600, a valuation that would place the company's worth at an estimated $8 trillion and make it the largest globally.

Jonas initiated coverage of SpaceX with an overweight rating and a $300 price target on July 7, recently reaffirming this stance. For the stock to achieve the $600 target, several conditions must be met. These include the successful and cost-effective deployment of artificial intelligence data centers in orbit at scale. This projection assumes that SpaceX's Starship rocket will operate frequently and efficiently enough to halve the cost of deploying AI computing capacity. Furthermore, the "bull case" necessitates that Starlink expands its services significantly beyond current home internet offerings and human users. By 2040, the model anticipates hundreds of millions, potentially billions, of AI-powered robots subscribing to services, each contributing an average revenue of $35.

Wall Street's sentiment towards SpaceX stock has been largely positive since its initial public offering. Among 32 analysts covering the stock, the average price target is approximately $227, with the highest target reaching $800. However, not all analysts share this optimistic outlook.

Morningstar offers a more cautious perspective, valuing the core launch and Starlink businesses at around $40 per share. Their "Moonshot" scenario, which projects a $154 share price, is assigned only a 7% probability. This contrasts sharply with Morgan Stanley's outlook. Morgan Stanley's own bear case suggests SpaceX stock could trade as low as $75.

The path to a $600 stock price involves significant advancements and assumes optimal outcomes for future technologies. The majority of the projected value is attributed to SpaceX's AI division, despite its current financial performance and the competitive landscape of AI services.

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Canonical: https://projectchintan.com/article/spacex-stock-price-target-morgan-stanley-bqakl
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