Morgan Stanley’s SpaceX Call: Is the Final Frontier a Buy?

Morgan Stanley has upgraded its SpaceX recommendation after reassessing the firm’s long‑term growth outlook.

From Launchpads to Price Targets: Why SpaceX Now?

■Morgan Stanley’s analyst team lifted the price target from $120 to $150.

■Under Elon Musk’s leadership, Starship test successes have pushed operating margins to %18.

■The global satellite‑broadband market is projected to reach $50 billion by 2030.

Modeling the Space Trade: Valuation Drivers and Risks

■A DCF model using %7.5 WACC and a %3.2 terminal growth rate yields a fair value of $140.

■Regulatory oversight, licensing delays and technical setbacks remain key risk factors.

■Competition from Blue Origin and Virgin Galactic intensifies capacity battles.

Caner Yılmaz: SpaceX’s technical progress and expanding contract backlog fuel mid‑term momentum; however, volatile unlevered cash flow can trigger short‑term pullbacks.