SpaceX's AI Push Comes Into Focus as JPMorgan Sees Nearly 80% Upside

yf_tkr_SPCX · 2026-08-25

$JPM $SPCX

JPMorgan analyst Doug Anmuth argues that Space Exploration Technologies Corp‘s (NASDAQ:SPCX) narrative is evolving beyond rockets and Starlink. The company’s AI strategy, he argues, is becoming tangible enough to justify keeping its $240 price target—implying nearly 80% upside from Monday’s closing price of $135. Anmuth pointed to the completion of SpaceX’s acquisition of AI coding platform Cursor on Aug. 14, describing it as a key step toward building a stronger enterprise AI business. Cursor,

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