Morgan Stanley Sees SpaceX at $300 as Grok Bot, Grok 5 Could Reprice AI Business
Updated
Updated · Yahoo Finance · Aug 13
Morgan Stanley Sees SpaceX at $300 as Grok Bot, Grok 5 Could Reprice AI Business
3 articles · Updated · Yahoo Finance · Aug 13
Summary
$300 is Adam Jonas's price target for SpaceX, with Morgan Stanley arguing new AI products could finally push investors to value SpaceXAI beyond a low-margin “neocloud.”
Grok Bot's beta launch this week is central to that case because Jonas says SpaceX must prove it can ship value-added enterprise tools that compete with frontier model offerings, not just sell compute.
The next catalyst window is tight: Jonas expects Cursor updates after its acquisition closes within weeks, Grok 4.6 this week, 4.7 later this month, and Grok 5 before year-end.
SpaceX shares closed at $146.15 on Aug. 12 after rebounding from a $104.83 intraday low on Aug. 3, even as 911.5 million lockup shares became eligible to trade.
That AI optimism is colliding with heavy spending: second-quarter capex hit $18.4 billion versus roughly $6 billion expected, and management signaled full-year capex near $65 billion against Wall Street's $50 billion model.