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SpaceX Stock Jumps 5% on Starlink Launch and AI Bull Case

August 13, 2026

1 min read

Key Takeaways

SpaceX stock rises 5% on Starlink launch and AI bull case.
Intuitive Machines gains 3% ahead of earnings.
Morgan Stanley sets $300 price target for SpaceX.
Intuitive Machines reports Q2 2026 earnings on Thursday.

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Strategic Implications

This development may indicate growing investor confidence in SpaceX's AI business and Starlink growth story, which could strengthen its competitive position in the space industry. The Morgan Stanley price target suggests significant potential for SpaceX's stock, which could influence other analysts' moves and impact the company's valuation.

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What Happened

SpaceX and Intuitive Machines Rise Ahead of Earnings

SpaceX stock is up 5% to $140 midday Wednesday, driven by a fresh Starlink launch and a Morgan Stanley note carrying a $300 price target. The note argues investors are underestimating SpaceX’s AI business, including its pending $60 billion acquisition of coding platform Cursor. Intuitive Machines shares are up 3% to $17 ahead of tomorrow’s earnings release, with a consensus estimate calling for a loss of $0.07 per share on $219 million in revenue. This was first reported by 24/7 Wall Street.

Source | Originally Published: August 12, 2026

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