Reports that JPMorgan doubled its SpaceX ($SPCX) target to $500 refer to a post Q3 earnings analyst reset on Oct 21, 2026. Multiple accounts say JPMorgan raised from $240 to $500 and kept Overweight (WOLF_Financial, marketsday).

Reports that JPMorgan doubled its SpaceX ($SPCX) target to $500 refer to a post Q3 earnings analyst reset on Oct 21, 2026. Multiple accounts say JPMorgan raised from $240 to $500 and kept Overweight (WOLF_Financial, marketsday).

The posts tie it to the Q3 blowout reported Oct 20: $14.6B revenue up 161% y/y with AI revenue $7.56B (SpaceX).

Summaries claim JPMorgan cites AI compute scaling from 1.7 GW toward 10 GW and 2027 revenue of $254B (BayStreetBulls, coinwaft).

One summary adds JPMorgan sees strategic rationale for a possible Tesla SpaceX merger but flags China approval as hurdle (MarcJacksonLA).

It was not just JPMorgan. A compiled list puts SPCX at $162.07, up 9.7% that day, with 9 raises and 0 cuts: Barclays to $300, Wells Fargo to $274, Pivotal to $260, Goldman to $245 and others (chetankale_).

The Solana token SpaceX - Backpack Securities traded around $162 to $163, up about 11% in 24h with heavy volume at that time.

The original JPMorgan note itself was not posted in these threads, so the $500 figure is attributed via trading desks and news aggregators, not verified from JPMorgan directly.

The two linked posts starting this claim were a short alert from Investingcom (post) and an amplified version from TheSonOfWalkley (post).