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International Business Times

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SpaceX's Stock Is Whipsawing Around Its IPO Price. Morgan Stanley Says It's 'Attractively Valued.'

SpaceX Morgan Stanley Adam Jonas Louisiana Los Angeles Nvidia

Morgan Stanley said SpaceX's stock is "attractively valued" after the company announced it will spend $100 billion to build a spaceport in Louisiana. (Credit: Getty Images)

Morgan Stanley said SpaceX's stock is "attractively valued" after the company announced it will spend $100 billion to build a spaceport in Louisiana.

Analyst Adam Jonas said he's overweight on the stock, especially following the announcement. He set a $300 price target, which is more than double the current level.

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