Morgan Stanley has set a target price of $300 for SpaceX.

Morgan Stanley has maintained a target price of $300 regarding SpaceX's proposed acquisition of the AI code platform Cursor for $60 billion, with an optimistic valuation scenario of $600. Over 64% of Fortune 500 companies and 50,000 businesses are using Cursor. Morgan Stanley expects Cursor's annual recurring revenue to reach $8 billion by the end of the year and approximately $33 billion by 2030. Key catalysts include information disclosed in the third quarter, the upcoming Grok 4.6/4.7, Grok 5, potential Composer 3, and the latest annual recurring revenue data.