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SpaceX stock climbs to highest since June, returning Musk to trillionaire status

Morgan Stanley called the stock cheap and set a $300 target, as SpaceX’s rally lifted shares about 8% and pushed Musk back above $1 trillion.

Summary by Ground News
SpaceX shares rose almost 8% on Monday, reaching their highest since mid-June, shortly after Elon Musk’s company held its record initial public offering. With the rally, Musk is once again a trillionaire.

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Late last week, SpaceX made several historic flights in a single day, including sending a manned mission to NASA to the International Space Station

According to CNBC, SpaceX shares climb almost 8% after Morgan Stanley sees the role as cheap, and Elon Musk returns to trillionaire status

Space X rose nearly 8 percent on Monday to its highest level since mid-June.

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CNBC broke the news in Englewood Cliffs, United States on Monday, October 5, 2026.
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