SpaceX Rises 5% on Fresh Starlink Launch, Intuitive Machines Gains 3% Ahead of Earnings
Morgan Stanley said SpaceX could more than double on AI expansion, with a $600 bull case tied to Cursor and Starship assumptions.
- On Tuesday, Morgan Stanley reaffirmed an overweight rating and $300 price target for SpaceX, citing potential upside from the company's artificial intelligence business integration.
- More than 60% of Fortune 500 companies and 50,000 total enterprises use Cursor, the AI coding tool SpaceX acquired for $60 billion in stock shortly after its June IPO.
- Analyst Adam Jonas projects SpaceX could reach $600, noting that "the catalyst path is shaping up elegantly" as Cursor integration progresses and subsequent model releases arrive.
- Wall Street remains generally bullish, with 29 of 36 analysts rating SpaceX a buy; however, Morningstar offers a much more skeptical view, assigning value primarily to core launch and Starlink businesses.
- High cash burn rates and reliance on speculative technologies like Starship present significant risks to SpaceX's valuation, as the bull case assumes achievements that do not yet exist.
12 Articles
12 Articles
SpaceX Rises 5% on Fresh Starlink Launch, Intuitive Machines Gains 3% Ahead of Earnings
A fresh Starlink launch and a surprise Morgan Stanley note are pulling SpaceX stock out of a steep selloff, while Intuitive Machines heads into earnings with options traders betting heavily on the upside. Here is what the catalysts actually signal.
SpaceX shares can more than double, Morgan Stanley says. The bull thesis isn't based on space business
SpaceX has worked to become a bigger player in AI by acquiring startup Cursor, and that should add considerable value to its shares, Morgan Stanley says.
SpaceX Stock Climbs Nearly 7% After Starlink Launch as Shares Hold Above IPO Price
SpaceX shares rose 6.92% following a successful Starlink launch and strong earnings report, highlighting growth in satellite services and AI investments, despite concerns over capital spending and share unlocks.
SpaceX stock (SPCX) climbs 4% as $74 billion advance surpasses Cursor price
NEW YORK, August 12, 2026, 11:08 EDT Shares in SpaceX gained 4.2% to trade at $138.93 in Wednesday's opening session.The change signified an increase of around $74 billion in market value.In the second quarter, Starlink contributed 73% of adjusted EBITDA. Shares of Space Exploration Technologies Corp. (NASDAQ:SPCX) gained 4.2% on Wednesday, reaching $138.93 at 11:08…
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- 50% of the sources lean Left, 50% of the sources are Center
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