SpaceX is joining the Nasdaq 100 Index, a move that signals its growing mainstream acceptance. Analysts at major global brokers are recommending investors buy shares, marking a shift in how Wall Street views the rocket and AI company.
The inclusion comes as the quiet period ends after SpaceX's record initial public offering. The company, led by Elon Musk, has drawn intense interest from investors seeking exposure to both space exploration and artificial intelligence.
Morgan Stanley has issued a $300 price target for the stock, according to the Financial Times. This bullish recommendation from a leading investment bank adds to the momentum behind SpaceX's market debut.
Some investors may be eyeing SpaceX for the wrong reasons, according to one analyst. The firm's valuation remains high, and its success is tied to ambitious goals in rocket reusability and satellite internet that carry execution risk.
A credible opposing perspective notes that the stock's hype could outpace its fundamentals. Critics caution that SpaceX's long-term profitability depends on scaling Starship and Starlink, which are unproven at full commercial scale.