JPMorgan raised its SpaceX target from $240 to $500 and kept an Overweight rating, BlockBeats reported on Oct. 21. The bank projected SpaceX revenue of $254 billion in 2027 and year-end computing capacity of 10 gigawatts.
Forecasts and merger uncertainty
JPMorgan also raised its related 2027-2028 forecasts to more than twice their previous levels. The bank said a potential SpaceX-Tesla merger would have strategic significance, while cautioning that the transaction may not happen.
The figures are projections attributed to JPMorgan in the BlockBeats flash. They are market estimates rather than confirmed results or a recommendation.