SpaceX Stock Price Slides Over 6% Despite Morgan Stanley’s AI Upside Target

Key Insights SpaceX (SPCX) stock price fell over 6% despite Morgan Stanley setting a $300 target. Adam Jonas forecast $289 billion in 2028 revenue and moved cash-flow break-even to 2031. The Washington Post reported EchoStar discussions about Boost Mobile and its wireless network. SpaceX stock price fell over 6% in premarket trading after Morgan Stanley raised its target to $300. The target implied about 114% upside from $140. Notably, at 9:12 a.m., a quote showed shares at $131.55, down $9.76 from the previous close of $141.31. The premarket decline uses $141.31 as its reference, as the target comparison uses $140. The November 3 chart showed shares trading mostly between $140 and $142. The price briefly moved above $142 before declining to roughly $137.

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