SpaceX stock could hit $300 as Morgan Stanley sees AI growth opportunity

SpaceX stock could hit $300 as Morgan Stanley sees AI growth opportunity

Morgan Stanley sees SpaceX stock hitting $300 as investors overlook its AI potential, Cursor deal, Starlink growth and Starship opportunity.

Why is SpaceX stock rallying today?

SpaceX SPCX stock rose 6% on Monday as investors responded to a series of disclosures showing significant institutional holdings in the company and a number of bullish analyst calls. The stock also benefited from stronger sentiment across technology and artificial intelligence stocks following reports that Anthropic generated more than $11.5 billion in second-quarter revenue, a sharp increase from a year earlier. The broader market was relativel…