**Morgan Stanley's October 5 note reiterating an Overweight rating and $300 price target for SPCX, describing shares as "cheap and getting cheaper" on a growth-adjusted basis, served as the primary catalyst for the recent rally.** The bank highlighted undervalued AI enterprise opportunities relative to Starlink and launch segments, with the note timed ahead of Starship Flight 15 and third-quarter earnings. SPCX closed October 5 at $171.09 (up 7.63%) and October 6 near $171.92 amid elevated volume, reclaiming levels last seen in June and lifting Elon Musk's net worth above $1 trillion. Recent operational milestones, including a record crewed ISS mission and orbital AI chip tests, reinforced momentum. Trader-implied probabilities, led by the sub-$135 bin at 47.3% followed by the $165–$170 range, embed expectations of volatility or consolidation into the week-end close amid broader market dynamics and upcoming catalysts.