Morgan Stanley Sets $300 Target Price for SpaceX, Forecasts 17x Revenue Growth Over Five Years

iconKuCoinFlash
Share
AI summary iconSummary
Morgan Stanley analyst Adam Jonas raised SpaceX’s price target to $300, more than double its current level. The firm forecasts revenue could surge to $3.19 trillion by 2030, primarily driven by AI-linked orbital projects. With such growth, altcoins to watch may include those linked to space and AI infrastructure. The forecast also suggests potential shifts in crypto price dynamics as new sectors emerge.

ME News reports that on July 20 (UTC+8), Adam Jonas, an analyst at Morgan Stanley who has long tracked and researched SpaceX, set a baseline target price of $300 per share for SpaceX. This target implies substantial upside potential—more than double the current stock price. However, such an ambitious target hinges on SpaceX being far more than just a space stock; it fundamentally bets on vertical integration. Morgan Stanley expects SpaceX to grow at an extraordinary pace in the foreseeable future. The research assumes SpaceX’s revenue will rise from $18.7 billion in 2025 to $319 billion in 2030, and further to $3.3 trillion by 2040. Most of this growth is expected to come from artificial intelligence, as Morgan Stanley anticipates SpaceX will build orbital infrastructure to support global connectivity and AI. (Source: BlockBeats)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.