# SpaceX Stock Cheap? Analyst Says Yes

> Morgan Stanley analyst calls SpaceX stock cheap despite high growth.
- Title: SpaceX Stock Cheap? Analyst Says Yes · The Motley Fool
- Summary: Morgan Stanley analyst calls SpaceX stock cheap despite high growth. Morgan Stanley analyst Adam Jonas says SpaceX stock trades at 30 times 2028 expected…
- Keywords: spacex, morgan stanley, adam jonas, stock, price target, space economy, finance, money, Cheap, Analyst, Yes, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/10/13/is-spacex-stock-cheap-1-wall-street-analyst-thinks
- Author: Jennifer Saibil
- Published: 2026-10-13T04:00:00+00:00
- Read time: 1 min
- Topics: spacex, morgan stanley, adam jonas, stock, price target, space economy, ai, finance, money
## SpaceX Stock Price
SpaceX stock trades at 68 times sales after strong Q2 2026 growth.
## Q2 2026 Results
SpaceX reported 92% sales increase with Starlink growing 55% and xAI 213%.
## Analyst View
Morgan Stanley analyst Adam Jonas says SpaceX stock is cheap and getting cheaper.

> Cheap and Getting Cheaper
## Price Target
Jonas sets $300 price target for SpaceX over next 12 months, double current price.
## Growth Rate
SpaceX trades at 30 times 2028 expected profit, below tech median of 16.
## Key takeaway

Morgan Stanley analyst Adam Jonas says SpaceX stock trades at 30 times 2028 expected profit, making it cheaper than most tech companies.