Morgan Stanley Backs SpaceX (SPCX.US): MARS and PIE Open a New Narrative, Starship's 15th Flight Becomes Key Catalyst

Zhitong Finance APP has learned that Morgan Stanley, in its latest research report, maintained its "Overweight" rating on SpaceX (SPCX.US) with a target price of $300. The bank believes that the market still views SpaceX as a new type of cloud service provider with space capabilities, and has not yet fully recognized that the company is transforming toward "Manufacturing, Autonomy, Robotics, and Space" (MARS) and the "Physical Intelligence Economy" (PIE); at the same time, Starship's 15th flight is planned to capture both the booster and the ship simultaneously for the first time, which Morgan Stanley regards as one of the most important catalysts in SpaceX's more than 20-year history.