SpaceX (SPCX) shares have experienced a significant decline of about 33% from their post-IPO peak, despite Morgan Stanley’s optimistic outlook on the stock potentially doubling in value.
On June 12th, 2026, Elon Musk’s groundbreaking space and artificial intelligence company went public, offering shares at $135 each and generating approximately $85.7 billion in proceeds after expenses. Following the IPO, SpaceX’s valuation surged from an initial mark of around $1.77 trillion to nearly $2.8 trillion before undergoing a pullback. Currently, the shares are trading at approximately $152.71 with a market capitalization of about $2.1 trillion.
Morgan Stanley recently reiterated its buy rating on SpaceX and set a price target of $300, signaling a potential upside of about 100% over the next year. Analyst Adam Jonas described SpaceX as a transformative entity capable of harnessing energy to create networked intelligence on a large scale.
A significant portion of the projected growth for SpaceX is attributed to opportunities in artificial intelligence, with the company estimating that AI prospects represent $26.5 trillion of its $28.5 trillion addressable market. Looking ahead, SpaceX anticipates that over 90% of its growth potential will stem from AI initiatives, with its space ventures complementing and supporting its core business operations.
In a report from 2020, Morgan Stanley highlighted the long-term benefits that investors could reap from investments in space-related companies. The firm emphasized the emergence of a new era in space exploration, with a multitude of start-ups venturing into space infrastructure, satellite manufacturing, launch capabilities, and other related fields. The report underscored the need for patient investors willing to participate in a multidecade endeavor, as the returns on space investments may take several years to materialize.
As the space industry continues to evolve and expand, SpaceX remains at the forefront of innovation and technological advancement. With its ambitious goals and strategic focus on artificial intelligence, the company is poised to capitalize on the vast opportunities presented by the space economy. Investors who adopt a long-term perspective may stand to benefit from the growth potential offered by SpaceX and the broader space industry.
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