Morgan Stanley: Starship’s 13th test flight boosts market confidence; maintains Overweight rating on SpaceX with a $300 target price

```htmlGolden Ten Data, July 27 ｜ Morgan Stanley pointed out in its latest research report that, despite the booster failing to achieve a perfect recovery during SpaceX Starship’s 13th test flight, this mission has significantly boosted market confidence. The firm emphasized that the test flight successfully accomplished key validation objectives, including the deployment of the next-generation Starlink V3 satellites, in-orbit engine restart, and the smoothest ocean splashdown to date, marking an important step towards full reusability for the Starship system. Morgan Stanley believes that if the 14th test flight achieves direct capture of the spacecraft by the launch tower, it will become the next key catalyst for driving SpaceX’s valuation upward. Based on continued progress in Starship technical verification and its long-term potential in AI infrastructure and global satellite connectivity, the firm maintains its “overweight” rating on SpaceX stock and reiterates its target price of $300. The report also points out that rapid iteration and low-cost launch capabilities of Starship are the core foundation for SpaceX to build a “Space + AI” composite ecosystem. With the accelerated networking of Starlink V3 satellites and advancement in orbital computing power deployment, SpaceX is expected to further strengthen its dual leadership in commercial spaceflight and artificial intelligence infrastructure.```