Morgan Stanley sees a $600 bull-case valuation for Elon Musk’s SpaceX $SPCX . The target reflects growing expectations around SpaceX’s launch business, Starlink, and the potential value of its expanding satellite and space infrastructure operations. A $600 bull case would imply significant upside from current levels, but the valuation also depends heavily on future growth and how investors price SpaceX’s private-market opportunities. $SOL #SpaceX #Macro Insights#