JPMorgan raises SpaceX price target from $240 to $500, maintains overweight rating.

October 21: JPMorgan raised its price target on SpaceX from $240 to $500, maintaining an "Overweight" rating. The bank now expects SpaceX's revenue to reach $254 billion in 2027, with computing capacity reaching 10 gigawatts (GW) by year-end, and has more than doubled its related forecasts for 2027 to 2028.

JPMorgan also believes that a potential merger between SpaceX and Tesla is of strategic significance, but whether the related transaction can be reached remains uncertain.