Morgan Stanley holds $300 SpaceX target as Goldman lifts12-month target to $230
Morgan Stanley's Adam Jonas kept a $300 SpaceX target and Overweight rating, and Goldman's Eric Sheridan raised his 12-month target to $230 from $220, as SPCX rallied.
Why it matters
Two bulge-bracket banks publicly reaffirmed above-consensus valuations on a listed space and AI name in the same week, and Finbold's TipRanks pulls show the consensus target moving between $235.10 and $215.72 within three days, so the reference points used to judge SPCX are unsettled. The unconfirmed $40 billion debt raise, if it proceeds, would shift the discussion from AI narrative to balance-sheet and capital-spending risk. One tokenized instrument, SPCXon, trades separately from the Nasdaq line, so its 24-hour move does not track the equity.
Where the sources disagree
Driver of the SpaceX rally
15.55%
Finbold
14%
CoinGape
CoinGape attributes the October5 gain to soft US jobs data, PCE inflation at 3.3% and Morgan Stanley's note, while Finbold says the move came from incremental developments including Starship milestones and TSMC's Terafab talks rather than a single catalyst.
SpaceX $40 billion debt financing
Apollo Global Management expected to lead roughly $10bn bank loans plus $30bn investment-grade bonds
Finbold
Apollo Global Management and Pacific Investment Management among participants; could close in 2027
CoinGape
Finbold says the proposed facility is expected to be led by Apollo Global Management, while CoinGape, citing the Financial Times, says Apollo and Pacific Investment Management are among the firms participating and the deal could close in 2027.
Consensus SpaceX price target
$235.10 average across 33 analysts (TipRanks, October 6)
Finbold, Finbold
$215.72 average across 34 analysts (TipRanks, past 30 days, October 9)
Finbold
Finbold's TipRanks pulls disagree: 33 analysts at an average $235.10 target retrieved October 6, and 34 analysts at $215.72 over the past 30 days retrieved October 9.
Figures that do not reconcile
Found by comparing the numbers in the reports automatically. They are differences, not yet confirmed to be about the same thing.
reported value
$300
CoinGape
$135 IPO
The Crypto Basic
CoinGape reports $300, The Crypto Basic reports $135 IPO (55% apart).
reported value
40%
CoinGape
15.55%
Finbold
CoinGape reports 40%, Finbold reports 15.55% (61% apart).
size of the move
7.6%
CoinGape
1.15%
Finbold
CoinGape reports 7.6%, Finbold reports 1.15% (85% apart).
reported value
$135 IPO
The Crypto Basic
$150
Finbold
The Crypto Basic reports $135 IPO, Finbold reports $150 (10% apart).
Key facts
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and a $300 price target on SpaceX in an October 4 note.
300 USDDisputed figureReported by CoinGape
Morgan Stanley put SpaceX at roughly 0.3 times estimated 2028 EV/EBIT/Growth against a 0.5-times median for its mega-cap AI comparison group, about a 40% discount.
40 %Disputed figureReported by CoinGape
Goldman Sachs analyst Eric Sheridan raised his 12-month target to $230 from $220 while maintaining a Buy, on raised AI capacity, revenue and margin forecasts for 2026 through 2028.
230 USDReported by The Crypto Basic
SpaceX closed Monday October 5 up 7.63% at $171.09 and rose 7.6% on the day to a three-month high.
171.09 USDDisputed figureReported by The Crypto Basic
SPCX reached a multi-month high of $176 and traded at $167.20 on October 9 after three consecutive days of declines.
167.2 USDReported by CoinGape
Barclays initiated an Overweight rating on SPCX with a $254 12-month target in an October 8 note, and Yorkville Ives' Daniel Ives initiated Buy at $225 on October 6.
254 USDReported by Finbold
What happened
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and a $300 price target on SpaceX (NASDAQ: SPCX) in an October 4 note, arguing that on growth-adjusted valuations the shares trade about 40% below mega-cap AI peers. Goldman Sachs analyst Eric Sheridan kept a Buy and lifted his 12-month target to $230 from $220 after Monday's close, citing higher AI capacity, revenue and margin forecasts for 2026 through 2028. SPCX closed Monday up 7.63% at $171.09 and reached a multi-month high of $176 before three straight days of declines left it at $167.20 on October 9. Other banks moved on the same stock: Barclays initiated Overweight with a $254 target, Susquehanna's Charles Minervino raised his target to $173 from $144 while keeping Hold, Erste Group's Stephan Lignau initiated Hold, and Yorkville Ives' Daniel Ives initiated Buy at $225. TipRanks aggregates differ depending on the date Finbold checked: 33 analysts at an average $235.10 target on October 6, and 34 analysts at $215.72 over the past 30 days on October 9. Finbold reported separately that SpaceX is seeking $40 billion in debt, roughly $10 billion of bank loans alongside $30 billion of investment-grade bonds, to buy Nvidia chips, citing Financial Times; CoinGape said Apollo Global Management and Pacific Investment Management are among the firms involved and that the deal could close in 2027, while CoinGape separately named Apollo as the expected lead. It is unconfirmed: Yorkville Ives' Daniel Ives said SpaceX has not confirmed the financing. Whether the rally came from the analyst notes or from other developments is also unsettled, with CoinGape crediting soft US jobs data and PCE inflation of 3.3% alongside Morgan Stanley's note, and Finbold pointing to Starship progress and TSMC's Terafab talks as incremental drivers.
How the story developed
- Update
Morgan Stanley reiterates $300 target on SpaceX
Adam Jonas kept the Overweight rating and $300 target, calling the shares cheap on growth-adjusted terms.
- Update
Goldman Sachs raises 12-month target to $230
Eric Sheridan lifted the target from $220 on stronger AI forecasts and kept the Buy.
- Update
SPCX closes up 7.63% at $171.09
A three-month high, with CoinGape also citing soft US jobs data and 3.3% PCE inflation.
- First report
First report by CoinGape
Morgan Stanley Predicts SpaceX Stock Price to Hit $300 Amid Super Intelligence Hype
- Independent corroboration
Independently corroborated by Finbold
Why SpaceX stock is soaring
- Update
Reports surface of $40 billion debt raise
Finbold and CoinGape report SpaceX is seeking roughly $10bn in bank loans plus $30bn in investment-grade bonds for Nvidia chips, citing the Financial Times; Yorkville Ives says SpaceX has not confirmed it.
- Update
Barclays initiates Overweight with $254 target
The October 8 note rests on a bullish thesis for the US aerospace and defence sector.
- Update
SPCX rebounds in pre-market after three days of losses
The stock traded at $167.20 on October 9 amid renewed talk of the $40 billion financing.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 6 Oct 2026, 06:56 UTC: CoinGape — 1 independent source, 1 reports
- 6 Oct 2026, 08:22 UTC: Finbold — 2 independent sources, 2 reports
- 6 Oct 2026, 11:06 UTC: The Crypto Basic — 3 independent sources, 6 reports
Affected entities
Also mentioned: Federal Reserve, NYSE, Tesla, Hyperliquid, Ethereum, Optimism
Original sources
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