SPCX
SpaceX’s new party trick: AI
JPMorgan’s Doug Anmuth is basically saying: yes, SpaceX still launches rockets, but now it also wants a seat at the enterprise AI table. The bank kept its $240 price target on the stock, which it says points to nearly 80% upside from Monday’s close of $135.
That’s a pretty hefty vote of confidence for a company better known for booster landings than chatbot launches. But the pitch here is simple: SpaceX’s AI story is starting to look less like a moonshot and more like a business plan.