SpaceX stock SPCX surged nearly 8% on Monday, October 5, closing at $171.09 and recovering from heavy losses suffered since its June 2026 IPO. Morgan Stanley reiterated its Overweight rating with a $300 price target, citing the upcoming Starship Flight 15 test launch and third-quarter results as key catalysts. This rally pushed Elon Musk back above the $1 trillion personal fortune threshold, with Forbes estimating his wealth at $1.03 trillion. SpaceX has accumulated over $12.7 billion in Pentagon contracts and holds 18,712 bitcoins worth approximately $1.6 billion, reinforcing its position as a top pick in the aerospace sector.
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