SpaceX (SPCX) News Today

SpaceX (NASDAQ: SPCX) shares have increased sharply as investors respond to bullish analyst commentary, accelerating Starlink growth and recent launch milestones. The rally has also lifted Elon Musk’s estimated net worth back above $1 trillion, though the move has increased concerns about valuation and volatility.

• Positive Sentiment: Analyst targets remain highly bullish. Morgan Stanley reiterated an overweight rating and a $300 price target, calling SpaceX “cheap and getting cheaper” on a growth-adjusted basis. TD Cowen also reportedly supports the stock, reinforcing expectations for additional upside from Starlink and AI infrastructure. Morgan Stanley, TD Cowen Back SpaceX as Starlink Passes 12 Million Subscribers
• Positive Sentiment: Starlink has surpassed 12 million subscribers. The milestone strengthens the case for recurring, fast-growing connectivity revenue and is a key reason investors are assigning greater value to SpaceX beyond its launch business. Starlink subscriber growth
• Positive Sentiment: Starship reached orbit and recent launch activity has been strong. Investors view the Starship milestone, successful crew mission and other launches as evidence of improving execution and a potential foundation for larger commercial and government opportunities. SpaceX Starship reaches orbit
• Positive Sentiment: AI expansion is boosting the investment narrative. Reports of possible discussions with Microsoft, a potential TSMC partnership and plans to develop orbital AI-computing infrastructure have encouraged investors to view SpaceX as a broader technology and infrastructure company rather than only a rocket operator. Microsoft could become an AI customer

• Neutral Sentiment: SpaceX is seeking approval for a 32-mile Florida natural-gas pipeline to support growing Starship fuel demand. The project signals expanding operations but could add regulatory, infrastructure and capital-spending requirements. SpaceX Florida pipeline proposal

• Negative Sentiment: A 328.4-million-share lock-up expiration is scheduled for October 9. The potential release of a large amount of stock could increase selling pressure and limit the rally, particularly after the recent sharp advance. SpaceX share unlock risk
• Negative Sentiment: Options pricing suggests traders assign less than a 50% chance of the stock reaching $225 before July, highlighting skepticism about sustaining the rally. SpaceX’s very high valuation also leaves it vulnerable to profit-taking, execution setbacks and disappointing AI or Starlink growth.