SpaceX's Stock Is Whipsawing Around Its IPO Price. Morgan Stanley Says It's 'Attractively Valued.'

Morgan Stanley just issued a major bullish note on SpaceX (SPCX), initiating an Overweight rating and a $300 price target following intense post-IPO volatility that saw the stock swing from $225 down close to its $135 offering price. The catalyst is SpaceX's massive $100 billion "Starbase" spaceport expansion in Louisiana, which analysts argue will unlock unprecedented orbital launch capacity. The report stresses that the market is severely underpricing SpaceX's underlying fundamentals and assigning "zero value" to its upcoming orbital AI infrastructure partnerships, making the current dip an incredibly attractive entry point.

Source: [IB Times](https://www.ibtimes.com/spacexs-stock-whipsawing-around-its-ipo-price-morgan-stanley-says-its-attractively-valued-3806836)