Stocks
October 8, 2026
Palantir Stock Gets Goldman’s $230 Target as Zeta Expands AI Push
- SpaceX stock gained 7.6% to close at $171.09, while Morgan Stanley maintained its $300 target
- Starship Flight 15 and further AI business developments underpin the bank’s bullish outlook
- Elon Musk’s Pentagon advisory appointment accompanies the SpaceXSI rebranding
SpaceX stock climbed sharply on Monday, but Morgan Stanley thinks the shares still have a long way to go. Its $300 target comes as Elon Musk takes on a Pentagon advisory role and prepares another change to the company’s AI business. The developments give investors plenty to discuss after a strong session. Whether they justify a much higher SpaceX price depends on milestones that are still ahead, including a closely watched Starship test.
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Morgan Stanley Sees More Room for SpaceX Stock
SpaceX stock closed October 5 at $171.09, up 7.6%, according to the latest data. Morgan Stanley’s $300 target implies another 75.3% gain from that close.
Adam Jonas maintained an Overweight rating, arguing that the company’s expected growth makes its valuation more attractive than the headline numbers suggest. More recently, a number of analysts saw a notable upside for the stock.
SpaceX stock at roughly 30 times estimated 2028 enterprise value to operating profit, compared with about 16 times for major AI peers. After adjusting for growth, Morgan Stanley puts SpaceX’s ratio at 0.3, around 40% below the comparison group’s 0.5 median. The discount therefore rests on forecasts, with faster growth doing much of the work.
Starship Flight 15 is one near-term test of that optimism. Jonas also identified AI product releases and further cloud-computing contracts as potential drivers, according to reports. Those developments could help investors assess how much value belongs to the company’s AI operations alongside its launch and satellite businesses.
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Elon Musk Takes Project Meridian Advisory Role
Musk has also been named a co-director of Project Meridian alongside Palmer Luckey and former House Speaker Newt Gingrich.
MITRE confirmed that the initiative will examine emerging technologies and future military operations. Its work draws on business leaders, policy specialists, and technical experts to develop recommendations for the Pentagon. The appointment gives Musk a formal advisory role. It does not, by itself, establish new revenue or contracts for SpaceX.
In addition, Musk said SpaceXAI would become SpaceXSI, adopting “super intelligence” terminology. No timetable accompanied the announcement.
SpaceX Stock Price Breakout Brings $180 Into View
Technical analyst Ali Charts sees a possible move toward $180 after an ascending-triangle breakout. His Tesla analysis identifies resistance near $400, with $450 a potential objective following a break higher.
Those conditional chart levels serve a different purpose from Morgan Stanley’s longer-term target. For SpaceX, the next flight and evidence of AI revenue growth will give investors more to judge than Monday’s rally alone.
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