[Morgan Stanley: Maintain Overweight Rating for SpaceX and $300 Target Price] According to a report by Golden Finance, Morgan Stanley stated in its latest research report that although the booster failed to achieve a perfect recovery during SpaceX's 13th Starship test flight, the mission significantly boosted market confidence. The firm emphasized that the test flight successfully completed key validation objectives, including the deployment of next-generation Starlink V3 satellites, in-orbit engine restarts, and the smoothest ocean splashdown to date, marking an important step toward full reusability for the Starship system. Morgan Stanley believes that if the 14th Starship test flight achieves direct capture of the upper stage by the launch tower, it will become the next critical catalyst for driving SpaceX's valuation upward. Based on the continued progress in Starship's technical validation and its long-term potential in AI infrastructure and global satellite connectivity, the firm maintains its "Overweight" rating for SpaceX stock and reiterates its $300 target price. The report also pointed out that Starship's rapid iteration and low-cost launch capabilities are the core foundation for SpaceX's construction of a "Space + AI" integrated ecosystem. With the accelerated networking of Starlink V3 satellites and the advancement of orbital computing power deployment, SpaceX is expected to further solidify its dual leadership position in the fields of commercial space exploration and artificial intelligence infrastructure.