[Morgan Stanley Backs SpaceX: Target Price Doubles, Revenue to Grow 17x in Five Years] Reported by Golden Finance, SpaceX's stock performance has been like a roller coaster since its IPO about a month ago. Although SpaceX's stock once soared to $225 before falling back to around $125, Morgan Stanley analyst Adam Jonas, who has been conducting long-term research on SpaceX, set a benchmark target price of $300 per share for the stock. This target implies significant upside potential, more than double the current price. However, such an ambitious target price hinges on SpaceX being far more than just a space stock. Essentially, it is betting on vertical integration. Morgan Stanley predicts that SpaceX will grow at an astonishing rate in the foreseeable future. The research assumes that SpaceX's revenue will grow 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 the artificial intelligence sector, as Morgan Stanley anticipates SpaceX will build orbital infrastructure for global connectivity and AI development. Elon Musk agrees with this vision. The company's S-1 IPO filing estimates the potential market size at approximately $28.5 trillion, with all but $2 trillion related to AI. SpaceX plans to launch a massive AI satellite constellation called "Starmind," essentially constructing data centers in orbit. The company aims to use its "Starship" rocket to launch its first batch of AI satellites as early as next year. (Jin10)