SpaceX shares jump 8% on Morgan Stanley bullish call
In short
SpaceX shares rose 8% and closed at a June high after Morgan Stanley stayed bullish. The note pointed to AI, chipmaking and Starship opportunities. Elon Musk also said talks with TSMC are still going on, and Starship Flight 15 may matter next.
The rally reportedly lifted Musk’s wealth above $1 trillion. It is still not clear whether any chip deal will happen or how much SpaceX is worth.
What the reporting says
SpaceX shares surged 8% to a June-high close after Morgan Stanley reiterated a bullish outlook, citing AI, chipmaking and Starship opportunities. The rally followed Elon Musk confirming ongoing TSMC talks for potential chip production and came ahead of a possible Starship Flight 15 catalyst. The move reportedly pushed Musk’s estimated wealth above $1 trillion, but the reporting does not give a formal company valuation or confirm any deal.
Why it matters
SpaceX shares rose 8% after Morgan Stanley reiterated a bullish view, with the note pointing to AI, chipmaking and Starship. The update also mentioned Musk’s comments about talks with TSMC and the possible impact of Starship Flight 15. The immediate market effect was a higher close and a reported lift in Musk’s estimated wealth, but no transaction, valuation or deal was confirmed.