SpaceX is trading at $163.76, up 3.02%, after Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $300 price target, arguing shares look cheap relative to growth.
- Jonas said investors may be underestimating SpaceX’s role in easing AI power and chip-making bottlenecks.
- The note is a clear same-direction catalyst, but available reporting does not confirm it alone caused the intraday move.