JPMorgan is optimistic that the stock price of SpaceX will rise by nearly 80%
2026-08-26 03:32:34
According to CoinMeta, JPMorgan expects the stock price of SpaceX to rise by nearly 80%, maintaining a target price of $240, which represents a significant upward potential from Monday's closing price of $135. Analyst Doug Anmuth pointed out that Grok and the recently acquired Cursor coding platforms will become important factors in driving the company's valuation. SpaceX achieved revenue of $7.81 billion in the second quarter, a year-on-year increase of 92%, with an adjusted EBITDA growth of 191% to $3.54 billion. Although the AI department incurred a loss of approximately $1.26 billion in the previous quarter, its revenue still grew significantly. It is expected that around 370 million shares will be unlocked on September 9-10, which may increase the number of publicly traded shares by 20%.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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