JPMorgan analyst Doug Anmuth reiterated a Buy rating and $240 price target on Space Exploration Technologies Corp. (NASDAQ: SPCX) on September 1. With SPCX trading at $140.82 on Wednesday, the target implied about 70% upside; Google Finance showed the stock at $140.86 at 5:30 p.m. UTC on September 2, down 0.99% for the session after closing at $142.23. The reiteration did not raise JPMorgan’s valuation, which had already been moved to $240 in late August when the shares traded near $135. Other targets remained higher, including Morgan Stanley’s $300 and Oppenheimer’s $280, while Fubon Securities initiated coverage with a $183 target and Bank of America Securities maintained a Buy rating without a displayed target. JPMorgan’s investment thesis has emphasized SpaceX’s artificial intelligence operations, Starlink, launch services and the acquisition of coding platform Cursor as potential drivers of a broader long-term revenue base. SpaceX priced its June initial public offering at $135 per share, later traded below that level, and subsequently recovered; at $140.82, SPCX was about 4.3% above its IPO price. SpaceX-linked tokenized-equity products have also emerged, but these are separate instruments whose ownership rights, custody, settlement, liquidity and availability can differ from Nasdaq-listed common stock.