NotYourBob

Morgan Stanley's Adam Jonas in new @SpaceX note on Starship flight 15: "Flight 15 (~1 month from now) is shaping up as SpaceX's biggest test towards Starship reusability since the IPO, with Flight 16 (targeted before year-end) potentially an even bigger one. Our message to investors: We anticipate developments over the forthcoming weeks/months could help profoundly evolve investor expectations about SpaceX's role in converting energy into intelligence at scale through physical agents - robots to help build economically multiplicative technologies for future generations. We believe reducing launch costs by a further order of magnitude (thanks to Starship) while significantly increasing mass to orbit could create new economies and new demand for materials, devices and services on earth that currently do not exist. Going forward, each Starship launch of Starlink is equivalent to min 1 month worth of Falcon 9 launches. After a successful deployment of 26 Starlink V3 satellites on Flight 14, we expect a repeat or potential even larger load of satellites on the next flight (Starship fits up to 60). Each Starlink V3 has 10x the downlink capacity of the v2 mini sats currently launching on Falcon 9 every ~3 days. This means Flight 15 would equate to 1-2+ months of F9 launches." Adam maintained his $300 $SPCX price target.