Morgan Stanley, Goldman Sachs Set SpaceX Buy Ratings With $300 Price Target on July 7

According to Morgan Stanley, Goldman Sachs, and other major U.S. investment banks, they issued buy ratings on SpaceX on July 7 (local time), marking the end of the 25-day quiet period following the company's IPO. Morgan Stanley set a $300 price target, implying 87% upside from the previous close of $160.42, while Goldman Sachs set $205 and other banks ranging from $200 to $255.

Morgan Stanley analyst Adam Jonas cited AI service demand as a key growth driver, noting neoclouds would dominate near-term revenue but end-to-end AI services would become the core business model long-term. Goldman Sachs projects SpaceX's free cash flow will turn positive by 2031, with EBITDA surging from $6.58 billion last year to $35.2 billion by end-2030.