Morgan Stanley sets SpaceX stock price target

Morgan Stanley reiterated its “Overweight” rating on SpaceX (NASDAQ: SPCX ) and maintained its SpaceX stock price target of $300 on October 14. Elaborating on the bullish call, analyst Adam Jonas identified the company’s Distributed Inference Cloud (DIC) as a major growth opportunity that investors may be overlooking. Jonas views the space giant’s initiatives as instrumental to the development of what it calls the “Super Intelligence Economy” and the “Physical Intelligence Economy.” Namely, the analyst expects the growing density of physical artificial intelligence ( AI ) agents to increase the collective intelligence of interconnected mobile systems, potentially opening up new…

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