Morgan Stanley analyst Adam Jonas maintained an Overweight, or positive, view of SpaceX and a $300 price target, calling the shares attractively valued and a "unique opportunity" based on fiscal 2028 projections. His view followed SpaceX’s plan for a roughly $100 billion Starbase launch complex in Vermilion Parish, Louisiana, spanning about 125,000 acres with 15 planned launch pads, manufacturing and supporting infrastructure. Construction is expected to begin in 2027 or the following year, with first launches expected in 2029, while SpaceX says the site could eventually support thousands of Starship missions annually. CNBC host Jim Cramer separately urged investors to think in generations rather than quarters, saying, "Put it away and give it to your kids," while adding that he would not recommend SpaceX if Elon Musk were not involved. Reported trading snapshots showed shares at $139.63 after a 1.2% rise and at $137.95 after a 2.19% rise, compared with a $135 IPO price, a $225.64 record high and a low of $104.83. Quarterly figures cited across the reports included revenue of $7.8 billion to $7.81 billion, up about 92% year over year, EBITDA of $3.5 billion, capital expenditures of $18.4 billion and a net loss ranging from $541 million to $0.09 per share, with the latter ahead of a projected $0.26 loss. Wall Street’s consensus remained Moderate Buy, based on 24 Buy, five Hold and three Sell ratings, with an average target of $232.35, although David Einhorn, CFRA and other skeptics questioned the valuation. The investment case depends on Starship, Starlink connectivity and artificial-intelligence infrastructure, but faces execution, environmental and capital-spending risks.