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SPCX — SpaceX Jumps 7.6% as Morgan Stanley Backs Growth Outlook. Also, a New Name?
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Shares extend their recovery as analysts argue SpaceX’s growth can justify its valuation. Launch milestones and the next earnings report will test that optimism. Morgan Stanley gives the rally fresh support SpaceX SPCX climbed 7.6% to $171.09 Monday, following Friday’s 7.35% advance. Together, those sessions produced a roughly 15.5% gain, calculated from closing prices. Shares now stand about 27% above June’s $135 IPO price, extending their recovery after a volatile…