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Morgan Stanley analyst Adam Jonas has maintained an Overweight rating and $300 price target on SpaceX stock, implying 117% upside from its current $137.95 price. The target follows SpaceX's announcement of a $100 billion Starbase complex in southern Louisiana featuring up to 10 launch pads. Jonas argues investors are underestimating SpaceX's Starship ambitions. Morgan Stanley forecasts nearly 5,800 annual Starship launches by 2040, requiring just eight pads. Yet SpaceX is planning 15 pads across Louisiana, Texas, and Florida. Construction is forecast to begin in 2027, with first launches targeted for 2029. The decade-long project will include propellant production, energy generation, vehicle processing facilities, and employee housing. SpaceX went public on 12 June 2026, reaching $225.64 before retreating to near its debut price.

Starlink Personal Maritime plan: $185/Mo for small boat owners. Table of Contents SpaceX has quietly rolled out a new Starlink tier called Personal Maritime, targeting small boat owners who need reliable offshore connectivity without the restrictions that have frustrated the boating community since July. At $185 per month, it's a direct response to complaints about the 30-day international Roam travel limit - and it eliminates that ceiling entirely for vessels under 40 feet. What the plan actually covers. Personal Maritime delivers unlimited data and continuous connectivity within territorial waters - defined as within 12 nautical miles of any coastline worldwide. The key selling point is the removal of the 30-day Roam travel limit that SpaceX imposed on Roam Unlimited users in July, which drew immediate backlash from sailors and cruisers who regularly cross international borders on multi-month voyages. The plan was announced via email to select Starlink customers in the boating community on August 27, according to verified reports. As of publication, it is not yet publicly listed on Starlink.com, suggesting SpaceX is still in a soft-launch phase. The Ocean Mode caveat - and a coming price hike. Beyond 12 nautical miles, Personal Maritime users can access Ocean Mode for data at sea. That's where a significant change is coming: effective September 27, the cost of Ocean Mode data will jump from $2 per GB to $6 per GB - a 200% increase that applies to both Personal Maritime and existing Roam Unlimited subscribers. Offshore sailors who rely heavily on open-ocean connectivity should factor that into their cost calculations before switching. Who qualifies - and who doesn't. SpaceX has drawn clear eligibility lines. Personal Maritime is restricted to personal vessels under 40 feet in length. It explicitly excludes: * Yachts and larger private vessels * Commercially operated vessels, including ferries and commercial fishing boats * Land use of any kind Signing up isn't as simple as clicking a button. Customers must submit a support ticket with vessel details: name, flag state, length overall (LOA), a unique identifier (Hull Identification Number, Craft Identification Number, MMSI, or ITU Call Sign), and a copy of the vessel's Registration Certificate. The verification step suggests SpaceX intends to enforce the under-40-foot restriction rather than treat it as an honor system. The context: A direct response to boater pushback. SpaceX's July decision to cap international Roam usage at 30 days per trip was widely criticized in sailing and cruising communities. Liveaboards and long-distance voyagers - exactly the demographic that had embraced Starlink as a game-changer for offshore connectivity - found themselves facing a hard cutoff that didn't fit their travel patterns. Personal Maritime reads as a targeted fix: a dedicated tier that acknowledges maritime users have fundamentally different needs than terrestrial roamers. At $185/month, it sits above the standard residential plan but well below Starlink's commercial maritime offerings, which are aimed at commercial operators and carry significantly higher price tags. For a small-boat owner who previously cobbled together coverage through Roam Unlimited workarounds, the new plan offers a cleaner, purpose-built solution - provided the Ocean Mode price increase doesn't offset the savings. Whether SpaceX extends similar dedicated tiers to larger vessels or adjusts the 40-foot cutoff based on uptake will be worth watching. For now, the September 27 Ocean Mode price change gives interested boaters a concrete deadline to evaluate whether Personal Maritime makes sense before costs shift. Sources & reporting notes The links below identify the material source records used for this report. * @SawyerMerritt on X (2026-08-28T14:30:58.000Z) - Direct source Source links are preserved as published or accessed. See its editorial standards and corrections policy. BASENOR Newsroom The BASENOR Editorial Desk covers Tesla, SpaceX, and related technology, curating reporting from primary sources - official accounts, regulatory filings, and software release data. Every article passes source-record and fact-checking review before publication. About the newsroom. This report was curated by the BASENOR Editorial Desk from the sources listed above. Read its editorial standards or email [email protected] to report an error. Stay in the Loop Join 27,000+ Tesla owners who get its tips first - plus 10% OFF