Analysts at Morgan Stanley said that Elon Musk's SpaceX, which integrates satellite, aerospace, and AI businesses, is one of the lowest-cost targets to participate in the layout of the space and intelligent economy and obtain high-profit opportunities. Its stock is “cheap and is getting cheaper.” Analyst Adam Jonas wrote in the customer research report: “We expect multiple business developments in the coming months to help investors better understand the value of SPCX in solving key bottlenecks in electricity and chip manufacturing, which is expected to unleash profit growth potential and boost valuation multiples.” The report said that before the Starship 15 test flight, investors had a rare layout window. The stock may seem expensive when measured by traditional indicators, but from a long-term perspective, the valuation is very attractive. Currently, SpaceX's stock price is $159, which is ostensibly overvalued; however, based on the anticipated 2028 growth rate of corporate value/profit before interest, tax, depreciation and amortization, its price-earnings ratio is only about 0.3 times, which is about 40% lower than the median of 0.5 times that of larger market-capitalized companies. Analysts believe that the launch of AI products and progress in the Starship project, combined with the landing of more high-value cloud services, is expected to push the stock closer to the target price of 300 US dollars.

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