Morgan Stanley Sets $300 Target for SpaceX Stock Ahead of Earnings

Morgan Stanley has kept its Overweight rating on SpaceX, trading under the ticker SPCX, along with a $300 stock price target. This target points to a potential upside of about 165 percent from the recent share price of $113. The company is set to release its first earnings report as a public company on August 4, and traders are watching closely for news on artificial intelligence infrastructure and the Starlink business.

Analyst Adam Jonas points out that the upcoming financial results could show clear details on the long term growth strategy, especially the expanding artificial intelligence compute business. The firm sees a major upside catalyst in plans to roll out more than 2 gigawatts of additional computing capacity next year. At the same time, the team is tracking progress on large cloud infrastructure agreements and the adoption of new models.

While the outlook remains positive, the report also warns about potential risks. Capital expenditures that climb well above the estimated $50 billion for 2026 could hurt profitability, and extra fundraising before the end of the year might dilute current shareholders. Slower growth for Starlink subscribers is another risk factor to keep in mind.

Overall, the upcoming August 4 earnings report will serve as a major test for the company. Shares have stayed under pressure since the record breaking June public offering, and these new results will give the market its first detailed look at financial performance under public trading rules.