Morgan Stanley, in its latest report, stated that the Tesla Roadster launch revealed SpaceX's technological prowess, with most of the vehicle's Bill of Materials (BOM) value originating from SpaceX, indicating a far greater degree of technological integration between the two companies than market expectations. The report also highlighted the sustained strengthening momentum of SpaceX in three major business segments: space, connectivity, and enterprise AI. It quantified that each additional 1GW of proprietary computing power could contribute approximately $27 to the stock price (about 18% of the current stock price). Morgan Stanley believes that SpaceX's current stock price of approximately $148.62 is significantly undervalued, reiterating its "Overweight" rating and a target price of $300, implying more than double upside potential from the current price.