{"id":32626,"date":"2026-09-20T10:45:21","date_gmt":"2026-09-20T09:45:21","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/20\/spacex-stock-correction-morgan-stanley-price-target\/"},"modified":"2026-09-20T10:45:27","modified_gmt":"2026-09-20T09:45:27","slug":"spacex-stock-correction-morgan-stanley-price-target","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/spacex-stock-correction-morgan-stanley-price-target\/","title":{"rendered":"SpaceX Stock Down 33% From Its Peak \u2014 Morgan Stanley Still Sees 100% Upside"},"content":{"rendered":"\n

SpaceX<\/strong> (SPCX) made a spectacular stock market debut in June 2026, but the stock has since suffered a sharp 33% correction from its all-time high. Yet analysts at Morgan Stanley<\/strong> are not throwing in the towel \u2014 not even close.<\/p>\n\n\n\n

Despite the selling pressure, the investment bank is holding firm on a price target of $300<\/strong>, implying a potential doubling from current levels. That is a powerful signal in a market still digesting the post-IPO euphoria.<\/p>\n\n\n\n

Behind the stock’s volatility lies a radical investment thesis: SpaceX<\/strong> is not a space company \u2014 it is a planetary-scale artificial intelligence infrastructure<\/strong>. And that changes everything.<\/p>\n\n\n\n

A Brutal Correction After a Record-Breaking IPO<\/h2>\n\n\n\n

SpaceX<\/strong> went public on June 12, 2026<\/strong> at an IPO price of $135 per share<\/strong>, raising approximately $85.7 billion<\/strong> net of fees \u2014 one of the largest IPOs<\/strong> in financial market history. The initial valuation came in just shy of $1.77 trillion<\/strong>.<\/p>\n\n\n\n

Investor enthusiasm quickly pushed the market cap toward $2.8 trillion<\/strong> at its peak. But the reversal came swiftly. SPCX<\/strong> is now trading around $152.71<\/strong>, with a market cap of approximately $2.1 trillion<\/strong>. A 33% correction that echoes the classic post-IPO dynamics<\/a> seen across mega-cap tech stocks.<\/p>\n\n\n\n

This consolidation is not necessarily a red flag. In equity markets just as in crypto, distribution phases following a euphoria peak are entirely common. The real question is one of structural support<\/strong> \u2014 and that is precisely where Morgan Stanley<\/strong> steps in with clear conviction.<\/p>\n\n\n\n

\"SpaceX<\/figure>\n\n\n\n

Morgan Stanley Holds Firm: SpaceX Is an AI Bet, Not a Space Bet<\/h2>\n\n\n\n

On September 15<\/strong>, Morgan Stanley<\/strong> reaffirmed its buy rating on SPCX<\/strong> with a price target of $300<\/strong>. Analyst Adam Jonas<\/strong> describes SpaceX<\/strong> as a potential “generational compounder”<\/strong> \u2014 a company capable of converting energy into networked intelligence at scale. His words: “SPCX has the pieces to build an industry-leading intelligence per watt, per dollar, per second.”<\/em><\/p>\n\n\n\n

What stands out in Morgan Stanley<\/strong>‘s thesis is the breakdown of where the value potential actually comes from. Roughly 50% of the near-term price target rests on opportunities tied to artificial intelligence<\/strong>. SpaceX<\/strong> itself puts its total addressable market at $28.5 trillion<\/strong>, of which $26.5 trillion is attributed to AI<\/strong>. Over the long term, the company expects more than 90% of its growth<\/strong> to come from AI, with its space projects serving as the backbone of that ambition.<\/p>\n\n\n\n

This narrative repositioning \u2014 from space operator to AI infrastructure play<\/strong> \u2014 is critical to understanding why institutional investors remain buyers despite the correction<\/a>. In the crypto world, this kind of thematic rotation is well understood: the projects that survive bear markets are those whose fundamental narrative holds up beyond short-term speculation.<\/p>\n\n\n\n

A Long-Term Vision That Demands Patience \u2014 Just Like Crypto<\/h2>\n\n\n\n

As far back as 2020, Morgan Stanley<\/strong> was warning clients about the unique nature of space investments: return horizons potentially stretching over 50 years<\/strong>, technological milestones that would have seemed like science fiction in 1969, and an ecosystem of startups spanning satellite manufacturing, launch capabilities, space tourism, and even asteroid mining.<\/p>\n\n\n\n

That time horizon resonates deeply with crypto investment culture. Bitcoin<\/strong><\/a> and Ethereum<\/strong><\/a> holders instinctively understand what it means to tune out short-term volatility and back a long-term thesis<\/strong>. SpaceX<\/strong>, with its dual exposure to space and AI, fits squarely into that logic of a high-conviction, long-duration asset.<\/p>\n\n\n\n

That said, the 33% pullback from the peak is a reminder of one of the market’s immutable truths: even the best assets go through painful digestion phases. For patient investors, these are often precisely the moments where the most profitable positions are built \u2014 provided the fundamental thesis<\/strong> remains intact.<\/p>\n\n\n\n

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