SpaceX Shares Surge Past $160 Following Bullish Morgan Stanley Note

Key Facts

1SpaceX shares rose more than 5%, breaking above the $160 level following a positive note from Morgan Stanley.

2Analyst Adam Jonas notes SpaceX trades at 0.3x 2028e EV/EBIT/Growth, which is 40% below the mega-cap median.

3Wells Fargo expects an accelerating pace for Starship deployment, with 2-3 additional launches possible by year-end 2026.

SpaceX shares rose more than 5%, breaking above the $160 level to reach $167, Reuters reported (via ZeroHedge). The surge followed a positive note from Morgan Stanley analyst Adam Jonas, who stated that the stock trades at 0.3x 2028e EV/EBIT/Growth, a valuation approximately 40% below the mega-cap median.

SPCX closed at $158.96 on October 2, 2026, before breaking its recent trading range in today's session. Additionally, Wells Fargo expects an accelerating pace for Starship deployment with 2-3 further launches possible by year-end 2026; WFC closed at $80.45 and MS closed at $190.31 on October 2, 2026.