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SpaceX Stock Price: JPMorgan Keeps $240 Target
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
JPMorgan reiterated its Overweight rating and $240 price target for SpaceX, citing growing confidence in Grok’s AI prospects. The firm highlighted SpaceX’s reported acquisition of Cursor, which generates about $4 billion in annual recurring revenue, with 75% from businesses. JPMorgan expects Cursor to support SpaceX’s enterprise AI strategy, model training and Grok’s performance. The acquisition is expected to strengthen SpaceX’s AI capabilities as it develops Grok further.
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