Morgan Stanley analyst Adam Jonas is telling investors they still aren’t grasping the full scale of SpaceX’s ambitions, even after the company unveiled a $100 billion spaceport plan in Louisiana.
SPCX stock is moving. See the real-time price action here.
In a Wednesday note, Jonas reiterated his Overweight rating and $300 price target on SpaceX, implying more than 70% upside from Tuesday’s closing price.
“We do not believe investors appreciate the scale of what SpaceX is planning with Starship,” Jonas wrote, as reported by CNBC.
The Launch Math
