Forget rockets: Morgan Stanley sets $300 SpaceX target based on a secret AI weapon

Morgan Stanley has set a $300 price target on SpaceX, framing the company as an integrated AI infrastructure play combining launch economics, Starlink connectivity and orbital compute. The bank projects revenue rising from about $45 billion in 2026 to $319 billion by 2030 and $3.3 trillion by 2040, with SpaceXAI's Colossus clusters (around 1 GW capacity) and planned orbital compute deployments of 2.7 GW by 2030 and 364 GW by 2040 driving the thesis. The report cites orbital compute cost falling to around $9 per watt by 2040, reaching cost parity with terrestrial Blackwell-class data centres by 2031.