Morgan Stanley was just one of the many banks which initiated or issued updated guidance for SpaceX following the ending of the ‘quiet period’ for the rocket-to-broadband business. Morgan Stanley was enthusiastic and give SpaceX an ‘Overweight’ rating, and said it expects SpaceX to outperform most investments on Wall Street and sees 90 per cent upside from its valuation.

Morgan Stanley also projects SpaceX could generate more than $3.3 trillion in annual revenue by 2040, highlighting its long-term growth potential. The bank gave a $300 per share price target (and its ‘bull’ case could be worth $600 per share).

SpaceX, owned by Elon Musk, is currently trading at around $150-$155 per share.

The other banks and brokerages which reported on SpaceX included:

As to SpaceX’s current trading, fresh data from Brazil suggests the operator is doing well with its broadband service. Over the past 12 months, Starlink more than doubled its Brazilian operation, adding more than 405,000 active customers. According to data from Anatel, Starlink added about 47,000 new customers in May, increasing its base to 791,000 in the country.

Other posts by :

1. AST SpaceMobile to make D2C progress this winter
2. EchoStar to put Hughes Network into bankruptcy
3. FCC explains C-band incentives
4. Analyst: Deep dive on Starlink’s prospects
5. Musk: “AI is inevitable”
6. Airbus Space says business is booming
7. AST SpaceMobile gets permission for giant factory
8. Questions over AST SpaceMobile’s spending plans
9. Bank: AST SpaceMobile is favoured

Categories: Blogs, Business, Inside Satellite, Satellite

Tags: anatel, Morgan Stanley, spacex, starlink