JP Morgan: SpaceX stock price is expected to increase by 75 to 240 dollars

JP Morgan analyst Doug Anmuth stated that SpaceX stock prices had recently increased by about 2 per cent, while maintaining the target price of $240. This target price means that SpaceX has about 75 per cent of the increase in stock prices at current transaction levels. Anmuth noted that the completion of the acquisition of Cursor was an important step in the development of artificial intelligence at SpaceX, and that JP Morgan had observed “substantive improvements” in the training of the Grok model by Cursor data. In addition, JP Morgan expects that, as business clients increase, the revenues from Grok ' s business clients will become an important part of SpaceX AI ' s operations。