Space Stocks Rally as Morgan Stanley Bullish Note Lifts SpaceX and Peers

Key Facts

1SpaceX shares rose 2% following a Morgan Stanley note suggesting Wall Street is underpricing the company's compute business.

2AST SpaceMobile surged 8% and Rocket Lab rose 5% as part of a broader rally in the commercial space sector.

SpaceX shares rose 2% following a Morgan Stanley research note suggesting that Wall Street is underpricing the company's compute business. According to 24/7 Wall St, the bullish assessment triggered a broader rally across the commercial space sector, with AST SpaceMobile surging 8% and Rocket Lab rising 5%.

SPCX closed at $171.09 on October 5, 2026, while ASTS closed at $58.44 on the same date. Morgan Stanley (MS) shares, the firm behind the sector analysis, closed at $190.19 on October 5, 2026, as the bank highlighted the potential of SpaceX's computing infrastructure ahead of upcoming Starship test flights.