US Stock Market Move | SpaceX (SPCX.US) rises over 2%, market cap tops $2.3 trillion.

On Tuesday, SpaceX (SPCX.US) rose over 2% to $175.33, with its market capitalization surpassing $2.3 trillion. On the news front, Morgan Stanley released a research report maintaining its "Overweight" rating on SpaceX and a $300 price target, implying nearly 90% upside from the October 2 closing price of $158.96. Analyst Adam Jonas' team put forward a bigger judgment: space is becoming the ultimate venue for converting energy into intelligence in the AI era. Morgan Stanley pointed out that space is the ideal place to convert energy into intelligence at scaleit is like a "big, cold, sun-drenched backyard." As ground-based data centers face power bottlenecks and siting controversies, the weight of this logic is rising. The report specifically flagged a new phenomenon: "Space Washing." As the anti-data-center movement gains momentum, more and more companies will begin touting the benefits of space, moving the computing narrative into the sky.