SpaceX Is a ‘Potential Generational Compounder,’ Morgan Stanley Says as $101 Billion Unlock Fails to Trig

Morgan Stanley analyst Adam Jonas views SpaceX as a "potential generational compounder" despite a recent $101 billion lockup expiration failing to trigger a major selloff. Jonas maintains an Overweight rating and a $300 target for mid-2027, primarily based on SpaceX's AI segment, launch, and satellite-connectivity businesses. While prediction markets are skeptical about xAI's model leadership, SpaceX's role as a "neocloud" provider leasing computing capacity could still allow it to benefit significantly from AI demand.