SpaceX Rises 5% on Fresh Starlink Launch and Morgan Stanley Price Target

3-line summary

• SpaceX shares rose 5% to $140 after the company launched 24 Starlink satellites from Vandenberg Space Force Base on Tuesday night and Morgan Stanley analyst Adam Jones set a $300 price target, according to a Yahoo Finance report.
• Starlink's constellation ended the second quarter of 2026 with 12 million subscribers, after SpaceX's debut earnings report last week showed revenue of $7.81 billion with Starlink subscribers doubling year-over-year.

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