JPMorgan Chase: Raised the target price for SpaceX from $240 to $500 and maintained an overweight rating

JPMorgan Chase raised the target price for SpaceX from $240 to $500, maintaining an "Overweight" rating. The bank currently expects SpaceX's revenue to reach $254 billion by 2027, with computing capacity expected to reach 10 gigawatts (GW) by the end of the year, and has more than doubled its related forecasts for 2027 to 2028.

JPMorgan Chase also believes that a potential merger between SpaceX and Tesla has strategic significance, but it is still uncertain whether the related deal can be reached.