Oppenheimer: SpaceX target price increased to $280 and is projected to increase by 97 per cent

Oppenheimer increased the target price of SpaceX to $280, up from $250 previously. Analyst Timothy Horan stated that Grok, Cursor, NVIDIA computing capacity and infrastructure expansion would enhance its artificial intelligence growth story. SpaceX is currently worth approximately $142 and the new target price represents about 97 per cent of the increase. Oppenheimer also stressed that SpaceX ' s use of AI exceeded expectations, indicating that its value went beyond mere launching and satellite companies. The company ' s acquisition of Cursor further strengthened the story by adding a major AI coding platform. Oppenheimer expects that the next generation of Rubin chips will improve AI computing economics and support stronger long-term pricing。