[Oppenheimer raised the target price of SpaceX from US$250 to US$280] On September 4, Oppenheimer analyst Timothy Horan raised the target price of SpaceX from US$250 to US$280. The stock is currently trading around $150, and this price target implies about 85% upside potential. The increase stems from Holland's growing optimism that SpaceX has the ability to grow into a true AI giant. Holland believes that SpaceX's AI business is advancing well and raised the company's long-term revenue forecast by about 10%. He said that the acquisition of Cursor has "transformative" significance for SpaceX and will help iterative upgrades of AI platforms including Grok. The core obstacle to business growth comes from infrastructure computing power, which analysts believe requires a massive increase in capital expenditures. The average market target price for SpaceX analysts is $221.2, and Oppenheimer's target price is higher than the market consensus. But this price is far from the most optimistic forecast, with Raymond James giving a price target of as high as $800. Raymond James is one of the underwriters of this IPO.