At least six firms including Morgan Stanley, Goldman Sachs and UBS initiated coverage on SpaceX, backing long-term growth while Morgan Stanley’s July 7 note projected major revenue expansion despite profitability and valuation concerns.
At least six global brokerages, including Morgan Stanley, Goldman Sachs and UBS, have initiated coverage on SpaceX with buy ratings, signaling an early bullish Wall Street consensus on the company’s long-term growth. Morgan Stanley said in a July 7 report that SpaceX can commercialize AI-era consumer and enterprise solutions, set a $300 target price implying 87% upside from Monday’s $160.42 close, and estimated revenue could reach $319 billion by 2030 and $3.3 trillion by 2040. Analysts’ positive stance is tempered by continued questions about profitability, earnings visibility and valuation.