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JPMorgan Chase more than doubled its price target for SpaceX to $500, maintaining an "Overweight" rating.
JPMorgan Chase raised its price target for SpaceX from $240 to $500, maintaining an "Overweight" rating. The bank now projects SpaceX's revenue to reach $254 billion in 2027 and for the company to possess 10 GW of computing power by year-end, more than doubling its valuation expectations for 2027-2028. JPMorgan Chase also sees strategic value in a potential merger between SpaceX and Tesla but emphasized that a deal is not guaranteed.
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Next: NVIDIA showcased its full range of local AI hardware at the GTC Berlin conference, with RTX Spark already released and DGX Spark 64GB launching this Friday.
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