Goldman Sachs and Morgan Stanley, the two lead underwriters on SpaceX’s initial public offering, arrived at price targets more than $1 trillion apart in value as the 25-day quiet period for IPO underwriters expired on Tuesday.
A $205 price target came from Goldman Sachs, where a team led by Eric Sheridan handled coverage, while Adam Jonas led the Morgan Stanley team to a $300 figure, MarketWatch reported. Both firms initiated coverage with the equivalent of a buy rating. SpaceX stock closed Monday at $160.42.
The divergence between the two banks was not the only notable call to emerge Tuesday. Raymond James, another underwriter on the IPO, initiated coverage with an $800 price target and a strong buy…







