TREE NEWS reports: SpaceX climbed more than 3% in early trading on October 6 to $176.42, its highest level since June 22, extending a recent rally. Morgan Stanley analysts issued a bullish report calling the stock undervalued, while a string of recent milestone flight missions also helped drive the gains.
SpaceX Rises Over 3% to $176.42, Hitting Highest Since June 22
AI take
The move matters less for the headline number than for what is driving it: a sell-side valuation call and a run of successful flight milestones are reinforcing each other, which is the pattern that tends to sustain a re-rating rather than a single-session pop. It also sits awkwardly with the fact that SpaceX remains a private, thinly traded name, so analyst targets and milestone news can move the quote more than they would for a listed peer. The open question is whether the June high becomes a new floor or a ceiling once the milestone news cycle thins out.
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