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JPMorgan Doubles Down on SpaceX AI | Durham News
JPMorgan is bullish on SpaceX, upgrading its stock to “Overweight” with a $240 price target, fueled by strong AI momentum. The bank highlights real progress in Grok’s training data and sees the Cursor acquisition as a strategic play to tap enterprise customers — turning developers into both data sources and potential buyers. Grok 5 is coming later this year, with a steady rollout through 2026, positioning SpaceX as a serious AI contender. While profitability remains elusive and integration hurdles loom, JPMorgan points to SpaceX’s exclusive Nvidia chip partnership as a key upside driver. The…
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