$SPCX AI Trade Setup: Can SpaceX Reach $240?

SpaceX is no longer being valued only as a rocket and satellite company. JPMorgan is increasingly focused on its AI opportunity, including Grok and the Cursor acquisition, and maintains an Overweight rating with a $240 price target.

With $SPCX closing around $139.63 on August 26, the $240 target represents roughly 72% upside from the latest close.

My Trade Plan — LONG

Entry Zone: $135 – $140
TP1: $155
TP2: $175
TP3: $200
TP4: $225
Final Target: $240
Stop Loss: $128

The key zone is $135–$140. If buyers continue defending this area and momentum returns, $155 could be the first major breakout level.

Above $175, the setup becomes much stronger, with $200 → $225 → $240 becoming the next upside targets.

The biggest catalyst remains the AI narrative. JPMorgan sees the Cursor deal and improving Grok capabilities as important pieces of SpaceX’s emerging enterprise-AI story.

Risk management matters — $128 is my invalidation level.

Do you think $SPCX can really reach $240?

#NVIDIAEarnings #GateStockInsightsChallenge