🚀 $SPCX — SpaceX Is Back in the Spotlight
SpaceX shares jumped 7.6% on Monday, closing at $171.09, and pre-market trading today is around $173.
So what's driving the excitement?
🔹 Morgan Stanley reiterated an Overweight rating and $300 price target, calling SpaceX an attractive way to participate in the growing “Space and Intelligence Economy.”
🔹 SpaceX also has another SDA satellite mission scheduled after Monday's launch attempt was scrubbed. The mission involves 21 Northrop Grumman satellites.
🔹 Investors are also watching the upcoming Starship Flight 15, expected later this month.
But here's the interesting part:
SpaceX isn't just a rocket company anymore.
🚀 Starlink
🛰️ Satellite infrastructure
🤖 AI infrastructure
🌌 Starship
🏭 Potential advanced semiconductor/compute projects
The opportunity is enormous — but so is the valuation risk after such a rapid rally.
$SPCX at $173: still early in the SpaceX growth story, or already too expensive? 👀
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