SpaceX's good luck raised Elon Musk's wealth to a new level

The rise in prices occurred on Monday following the publication of Morgan Stanley analysts' report, which assessed SpaceX stocks as "cheap" at current valuations and pointed to "upcoming AI product launches, progress in the Starship program, and further contracts for next-generation cloud services (neocloud)". Analysts recommended purchasing the stocks, setting a target price of $300. This represents a rise of about 75 percent compared to the closing price on Monday of $171.09. A good run for SpaceX At the end of last week, SpaceX conducted several historic flights in one day. The most important of these was the crewed mission for NASA to the International Space Station and a separate launch with a payload of AI chip systems from Google that entered orbit. Morgan Stanley analysts suggest investors should purchase SpaceX stocks before the planned next test flight of the powerful Starship rocket and before the release of financial results for the third quarter, expected at the end of October. >>> Elon Musk broke up with his partner. "I loved him for life" Starship is a next-generation spacecraft and the largest rocket ever built. It was designed for reusability - both its components (the spacecraft and the booster) are to safely land back on Earth. If SpaceX attempts to capture the Starship booster in the air during the next test flight, it may constitute "the strongest positive impulse for the stock since its stock market debut," analysts wrote. The AI industry and cooperation with the Trump administration SpaceX also derives profits from its activities in the field of artificial intelligence, to which it gained access through the multi-year acquisition of Musk's company xAI and the recent purchase of the Cursor platform. Although the company's flagship model, Grok, has not gained the same popularity as models from OpenAI or Anthropic, SpaceX generates significant revenue from renting computing power to entities such as Google or Anthropic. Musk's advantage is also his close relationship with the administration of Donald Trump. On Wednesday, the Pentagon nominated Musk as co-chair of the Meridian project - an initiative aimed at determining the armaments, technologies, and military capabilities that the United States may need in future armed conflicts. SpaceX obtains a significant portion of its revenue from US government contracts, with a particular focus on defense contracts. As the FedScout service reports, the company's cooperation with the Department of Defense has brought it over $12.7 billion to date. Elon Musk the first billionaire According to the real-time billionaire ranking published by Forbes magazine, Musk's wealth is currently $1.1 trillion, including his stakes in Tesla and SpaceX. SpaceX debuted on the stock exchange on June 12. At that time, Elon Musk's wealth for the first time exceeded the trillion dollar mark. The company achieved a record closing price of $201.80 on June 16. Shortly thereafter, the shares fell, reaching a low at the beginning of August. From that moment, their price has risen by about 58 percent.