If there is more news about the Joint Venture for Terafab (possibly a new company to run it with Outside capital to help fund it), I’d be very bullish. SpaceX and Tesla both stand to make massive savings on chips if this works, but need partners to pull it off.
SpaceX SPCX Drops 4.5% Below $150 — JPMorgan Calls Merger 'Rational,' Is $220 Credible?
SpaceX (SPCX) fell another 4.51%, breaching $150 as tech sold off on geopolitical headwinds. The bull-bear split is stark: JPMorgan called a potential Musk-led SpaceX-Tesla merger "strategically sound," and one forecast sees SPCX at $220 by year-end — while short-seller Jim Chanos mocked its valuation as bubble excess. With a $220 target squaring off against bubble warnings, do you trust the upside case, or stay cautious on a high-valuation name?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments