On September 17, SpaceX rose 3.46% in regular trading, trading at $156.41/share, with turnover of $4.17 billion. Multiple catalysts converged to drive the stock higher.
Morgan Stanley reiterated its Overweight rating and $300 price target on SpaceX, labeling it a defensive safe haven amid AI sector volatility. The firm highlighted Starlink's cash flow moat and the largely unpriced long-term potential of orbital AI. Separately, Starship Flight 14 is scheduled for September 22, marking the first attempt at orbital flight and the deployment of 26 next-generation Starlink V3 satellites — the program's first revenue-generating mission.
Additional tailwinds include the upcoming Nasdaq 100 index rebalancing, which is expected to raise SpaceX's weighting from approximately 1.28% to 2.82%, potentially triggering billions of dollars in passive fund inflows. ARK Invest's Cathie Wood projected that a single Starship launch could generate roughly $1 billion in annual revenue, with Musk responding the long-term scenario is not impossible.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments