摩根士丹利：2026年太空科技行业展望报告（英文版）

Introduce an Attractive industry view on Space Technology into 2026, fueled by higher launch cadences, new product intros, policy support & market maturation. We upgrade RKLB and MDA each to OW from EW on improved risk-reward and a bright catalyst path this year. We downgrade IRDM to EW from OW as we expect incremental uncertainty in the early days of the company’s strategic pivot to keep stock range-bound in the NT. PT changes: RKLB ($105 from $67), FLY ($33 from $27), MDA ($46 fro