JPMorgan: SpaceX Compute Target at 13 Gigawatts, Target Price Raised to $500
JPMorgan estimates that the commercial value of Vera Rubin is approximately 40% higher than that of the leading GB300 system, with compute scaling and premium monetization supporting the annual recurring revenue target. The report maintains an overweight rating and raises the price target from $240 to $500, based on a 20x multiple applied to the 2028 GAAP EPS of $24.41. Current price: $147.79.
