Morgan Stanley sets a $300 price target for SpaceX, forecasting 87% upside amid index-driven demand and expiring lockups.
SpaceX entered the Nasdaq 100 at three times its float, triggering $4.3 billion in passive buying just 15 days after its IPO. The inclusion marks the fastest mega-cap onboarding in NASDAQ history under revised rules for newly listed companies.
The move skips the traditional seasoning period, with JPMorgan estimating the stock’s weight in the index drives immediate demand. However, expiring insider lockups could offset some of the QQQ-driven inflows, adding near-term volatility.
Morgan Stanley set a $300 price target, implying 87% upside, though analysts note the setup remains complex due to competing supply and demand factors.