<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights</strong></h3>
<ul>
 <li>SpaceX (SPCX) stock price fell over 6% despite Morgan Stanley setting a $300 target.</li>
 <li>Adam Jonas forecast $289 billion in 2028 revenue and moved cash-flow break-even to 2031.</li>
 <li>The Washington Post reported EchoStar discussions about Boost Mobile and its wireless network.</li>
</ul>
<p>SpaceX stock price fell over 6% in premarket trading after Morgan Stanley raised its target to $300. The target implied about 114% upside from $140.</p>
<p>Notably, at 9:12 a.m., a quote showed shares at $131.55, down $9.76 from the previous close of $141.31. The premarket decline uses $141.31 as its reference, as the target comparison uses $140.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img width="806" height="462" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/11/e8ec943eb3a7380eb44618889048540ab2d5c277330d4cc815f2223db5234868-1.png" alt="SpaceX (SPCX) Stock Price | Source: Yahoo Finance">
  <figcaption>
   SpaceX (SPCX) Stock Price | Source: Yahoo Finance
  </figcaption>
 </figure>
</div>
<p>The November 3 chart showed shares trading mostly between $140 and $142. The price briefly moved above $142 before declining to roughly $137. It later recovered toward $139, while the separate premarket quote stood lower. Notably, the previous session ended with a reported 3.6% gain.</p>
<h2 id="h-morgan-stanley-revises-spacex-stock-price-forecasts" class="wp-block-heading"><strong>Morgan Stanley Revises SpaceX Stock Price Forecasts</strong></h2>
<p>Morgan Stanley analyst Adam Jonas <a href="https://x.com/DeItaone/status/2117962826991968702" rel="noopener noreferrer nofollow">updated</a> the company’s financial projections and maintained Morgan Stanley’s Overweight rating. His revised outlook listed a $300 price target, compared with a reference price of $140.</p>
<p>That SpaceX stock price comparison produces an estimated upside of about 114%. The SpaceX stock price fell in premarket trading as the target update circulated.</p>
<p>Jonas’s revised estimates put SpaceX revenue at $175 billion in 2027 and $289 billion in 2028. The 2028 forecast also lists operating income of $119 billion. Morgan Stanley moved its expected free-cash-flow break-even date from 2035 to 2031.</p>
<p>That four-year change accompanied a reduction in projected external borrowing through 2031. Morgan Stanley cut the estimate by about $280 billion, leaving projected borrowing at $390 billion.</p>
<p>Its analysis identified artificial intelligence and space infrastructure operations as undervalued.</p>
<h2 id="h-spacex-stock-price-falls-amid-election-results-and-starlink-talks" class="wp-block-heading"><strong>SpaceX Stock Price Falls Amid Election Results and Starlink Talks</strong></h2>
<p>Amid Morgan Stanley projections, a related election report said Democrats won both the U.S. Senate and House of Representatives. The result gave the party control of Congress for the remainder of President Donald Trump’s term.</p>
<p>The report cited victories in states Trump had carried comfortably two years earlier, describing them as deep-red Trump country.</p>
<p>Tesla also fell 5.6% as the <a href="https://www.thecoinrepublic.com/2026/11/02/bitcoin-price-faces-midterm-election-test-as-bears-eye-77k/" rel="noopener noreferrer nofollow">US Midterm election</a> raised concerns about regulatory scrutiny. The election commentary also cited Elon Musk’s political exposure. The political details appeared alongside reporting about Musk’s companies.</p>
<p>Meanwhile, The Washington Post reported discussions involving EchoStar’s <a href="https://www.thecoinrepublic.com/2026/11/02/spacex-stock-price-rebounds-as-boost-mobile-deal-talks-surface/" rel="noopener noreferrer nofollow">Boost Mobile business</a> as the SpaceX stock price rebounded in premarket trading. That occurred on November 2. The proposals involved either buying the carrier or obtaining access to its existing wireless network.</p>
<p>The discussions concerned Starlink Mobile, described as Musk’s planned U.S. cellphone service combining satellite connections with ground networks. The Washington Post report covered the Boost Mobile business and network access options.</p>
<h2 id="h-earlier-price-decline-and-zhao-s-clarification" class="wp-block-heading"><strong>Earlier Price Decline and Zhao’s Clarification</strong></h2>
<p>Separate from Morgan Stanley, the SpaceX stock price closed 6.37% lower on October 30. During that period, <a href="https://www.thecoinrepublic.com/2026/10/31/spacex-stock-price-drops-but-cz-calls-it-one-of-the-best/" rel="noopener noreferrer nofollow">Changpeng Zhao addressed</a> a dispute involving Elon Musk and the shares.</p>
<p>In an X post, Zhao described SpaceX as a strong long-term stock holding. He denied advocating a sale and urged supporters not to frame his request for Musk’s support as a threat.</p>
<p>TuanX interpreted Zhao’s request for Musk’s support as a response to excessive joking. Zhao’s clarification followed that interpretation.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2026/11/04/spacex-stock-price-slides-over-6-despite-morgan-stanleys-ai-upside-target/" rel="noopener noreferrer nofollow">SpaceX Stock Price Slides Over 6% Despite Morgan Stanley’s AI Upside Target</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

SpaceX Stock Price Slides Over 6% Despite Morgan Stanley’s AI Upside Target

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