JPMorgan raises SpaceX target price to $500 and maintains overweight rating

October 21 news: JPMorgan has significantly raised SpaceX’s target price from $240 to $500, more than doubling its previous estimate, and maintains an Overweight rating. JPMorgan predicts that SpaceX’s revenue will reach $254 billion next year; the company’s AI computing power is expected to expand from 1.7 gigawatts at the end of last month to 10 gigawatts by the end of next year. JPMorgan also stated that the assessment of a potential merger between SpaceX and Tesla is strategically significant, but it is currently uncertain whether such a merger will ultimately take place.