This article first appeared on GuruFocus. Morgan Stanley has reiterated its SpaceX (NASDAQ:SPCX) price target to $300 per share, citing higher expectations for revenue from artificial intelligence, satellite connectivity and launch services, while outlining potential business links with Tesla (NASDAQ:TSLA). Analyst Adam Jonas raised the firm's revenue estimates to $175 billion for 2027 and $289 billion for 2028, increases of 93% and 84%, respectively, from previous projections. The bank also lifted its 2028 operating income forecast by 72% to $119 billion. Warning! GuruFocus has detected 3 Warning Sign with SPCX. Is SPCX fairly valued? Test your thesis with our free DCF calculator.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.