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JPMorgan Doubles SpaceX Price Target
JPMorgan doubles its SpaceX price target to $500.
Key points
- JPMorgan doubled its SpaceX price target to $500 from $240, maintaining an Overweight rating.
- JPMorgan forecasts $254 billion in 2027 revenue and 10 GW of computing capacity by year-end, more than doubling its 2027–2028 estimates.
- JPMorgan sees strategic merit in a potential SpaceX–Tesla merger, though no deal is guaranteed.
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What others are saying
2 moreTop replies on X
Reaction on X: Replies are largely skeptical and joking, with users suggesting JPMorgan is pumping its own client and noting 1.3 billion locked-up shares released Thursday. One reply speculates about a $40 billion debt raise, while another praises the CEO without naming the company.
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From @KSoze99, @RibeyeJim, @joinarborcap and others. Spam removed, with English and Chinese translations.
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