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SpaceX $SPCX price target raised to $250 from $200 at Needham
Needham raised the firm's price target on SpaceX to $250 from $200 and keeps a Buy rating on the shares.
The firm is positive on the strong reviews of the company's Grok 4.5 update built specifically for coding and agentic work and trained on Cursor developer data, the analyst tells investors in a research note.
Needham further cites SpaceX having announced that its Starship flight 13 is scheduled to take flight as early as July 16, delivering a set of 20 full size Starlink V3 test units to orbit and advancing Ship and Booster re-usability.