JPMorgan Reiterates Overweight on SpaceX with $240 Price Target

This is a sell-side rating on a private company, and that framing is the real story: SpaceX has no public equity for most readers to act on, so the note functions as a valuation marker for the private market rather than a tradable signal. It matters chiefly to private shareholders, employees with equity, and the pre-IPO funds that price against such targets. The open question is whether that $240 anchor holds as SpaceX's launch and Starlink economics evolve, and whether other banks converge on it.