SpaceX (NASDAQ: SPCX) closed at $147.98 last Friday, approximately 10% above its IPO price of $135. Oppenheimer analyst Timothy Horan recently raised his price target from $250 to $280, primarily based on the company's ability to accelerate AI model development through its infrastructure and data amidst the AI hashrate shortage. SpaceX expects its annualized revenue to increase from $31 billion in Q2 to at least $100 billion by December, with cloud services being the largest contributor. However, Morgan Creek Capital founder Mark Yusko warned that SpaceX's valuation of over $2 trillion is "ridiculous," believing its stock price already overreflects future growth.