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SpaceX stock climbs again, hits another multimonth closing high

Yahoo Finance • October 6, 2026 • business

Key Points:

SpaceX (SPCX) stock rose over 7% on Monday and an additional 0.5% on Tuesday, reaching multimonth highs not seen since June, following a bullish note from Morgan Stanley analyst Adam Jonas.
Jonas reiterated his Outperform rating and $300 price target, highlighting a limited window for investors to buy ahead of key milestones like the upcoming Starship Flight 15.
The recent successful Starship Flight 14, which reached low Earth orbit and deployed Starlink satellites, supports optimism about SpaceX's growth potential in aerospace and AI-related ventures.
Jonas emphasized that many investors underestimate the complexity of SpaceX's technology and business model, suggesting the stock is undervalued when considering both its space launch and AI compute opportunities.
The analyst anticipates that future AI product releases, Starship advancements, and neocloud contracts could drive further stock appreciation toward his $300 target.

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