[Morgan Stanley Reiterates 'Overweight' Rating on SpaceX, Target Price $300] BlockBeats News, October 5, Morgan Stanley reiterated its 'Overweight' rating on SpaceX with a target price of $300, stating that the stock appears 'very cheap' when considering its growth prospects. Analyst Adam Jonas noted that SpaceX's growth-adjusted trading valuation is approximately 40% lower than that of mega-cap AI peers. Potential catalysts include the upcoming Starship flight, Q3 earnings report, the release of Grok, and more Neocloud deals, with the successful capture of Starship potentially being the biggest catalyst since the IPO.