SpaceX Stock Hits New All-Time Low Despite 'Over the Moon' Starship Test - Investors Focus on Falcon 9 Phase-Out, Not Starship Success
Morgan Stanley analyst Adam Jonas maintains a $300 price target on SpaceX, arguing the current selloff has driven the stock to levels where investors are assigning zero or negative value to its AI business. The stock has plunged 18% below its $135 IPO price, hitting $110.85, despite successful Starship test flights.