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Musk accelerated **** eX's (SPCX) orbital data center launch to Q4 2027, and JPMorgan held its $240 price target, implying roughly 75% upside from current levels.
NVIDIA (NVDA) reports Wednesday, and **** e peers like RKLB sitting out the rally confirm **** eX's surge is a targeted AI-compute repricing, not a sector rotation.
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SpaceX (NASDAQ:SPCX) stock is up 3% to $139.06 midday Tuesday, breaking from a lukewarm **** e complex that hasn't followed the move. The Procure **** e ETF (NASDAQ:UFO) is up 0.1% to $44.71, well behind the single-name headline **** eX is driving in the sector. Meanwhile, the Invesco QQQ Trust (NASDAQ:QQQ) is up 0.64% to $710.82, a broad-tape backdrop that hardly explains the outsized single-name pop.
The catalyst is twofold. **** eX Founder Elon Musk posted on X Monday afternoon that his company has designed a **** e-optimized Vera Rubin NVL72 system for launch to orbit in Q4 next year, pulling its first orbital data center milestone forward from a previously stated 2028 target. JPMorgan **** yst Doug Anmuth followed Tuesday with a maintained Overweight rating and a $240 price target on **** eX stock, implying substantial upside from current levels.

#NASDAQ #target #NVIDIA #tuesday
2 months ago

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