SpaceX Rises 3% as Musk Pulls the NVIDIA Orbital Data Center Into 2027, JPMorgan Sees 75% Upside

Quick Read

• Musk accelerated SpaceX’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 space peers like RKLB sitting out the rally confirm SpaceX’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 space complex that hasn’t followed the move. The Procure Space ETF (NASDAQ:UFO) is up 0.1% to $44.71, well behind the single-name headline SpaceX 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. SpaceX Founder Elon Musk posted on X Monday afternoon that his company has designed a space-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 analyst Doug Anmuth followed Tuesday with a maintained Overweight rating and a $240 price target on SpaceX stock, implying substantial upside from current levels.

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