Morgan Stanley analyst Adam Jonas reaffirmed his bullish outlook on SpaceX on October 5, 2026, calling its shares “unusually cheap” and describing them as a “unique opportunity” for investors. His note said the market underappreciates SpaceX’s role in addressing bottlenecks in power and chip-making—industries that are key to AI’s future.
CEO Elon Musk also announced plans to rename the company’s artificial intelligence division “SpaceXSI” to emphasize its focus on “super intelligence.” He suggested that spreading super intelligence into space could be a successful outcome for humanity. The analyst’s bullish view and the company’s stated AI ambitions reinforce SpaceX’s growth narrative.