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00:02SpaceX shares rose nearly 8% Monday, reaching their highest level since mid-June after Morgan
00:07Stanley called the stock cheap and recommended investors buy ahead of upcoming catalysts,
00:12according to CNBC. Morgan Stanley recommended buying SpaceX shares and set a $300 price target
00:18about 75% above Monday's close, citing AI products, Starship Progress, and additional
00:23NeoCloud contracts. Analysts highlighted SpaceX's next planned Starship test flight
00:27and its third quarter earnings report expected in late October. SpaceX recently completed multiple
00:32historic flights in a single day, including a crewed NASA mission and a separate launch
00:37carrying Google AI chips. The company is also generating revenue by renting AI capacity to
00:43companies, including Google and Anthropic. Elon Musk's net worth reached $1.03 trillion as
00:49shares climbed. For all things money, visit Benzinga.com.
