[Morgan Stanley Maintains Overweight Rating on SpaceX, Bull Case Target Price $600] BlockBeats News, August 12, Morgan Stanley reiterated its overweight rating on SPCX with a target price of $300, and $600 in a bull case scenario. Analyst Adam Jonas believes the market has underestimated SpaceX's broader AI platform, including its computing, connectivity, and real-time data capabilities. The upcoming Grok model may help narrow this valuation gap. Jonas views the upcoming lock-up period expiration as an opportunity rather than a risk, providing potential entry points for investors.