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A major bank's target implies meaningful upside and potential near-term price appreciation if AI milestones materialize; such calls often catalyze momentum but carry execution risk.
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JPMorgan analyst Doug Anmuth argues SpaceX's narrative is expanding beyond rockets and Starlink, with AI initiatives turning tangible enough to justify a $240 price target. The note implies a near-term re-rating if AI monetization progresses, potentially pushing SPCX from about $135 toward the target in the coming weeks.
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