SPCX - SPACEX: MORGAN STANLEY SEES $300 TARGET, $600 BULL CASE Morgan Stanley maintains its $300 SpaceX target, with a $600 bull case, following the planned $60B acquisition of AI coding platform Cursor. Cursor is used by 64%+ of the Fortune 500 and 50,000 enterprises. Morgan Stanley expects Cursor ARR to hit $8B by year-end and ~$33B by 2030. Key catalysts include Q3 disclosures, upcoming Grok 4.6/4.7, Grok 5, potential Composer 3, and new ARR updates.(*Walter Bloomberg)