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SpaceX stock remains steady above its IPO price after Needham raised its price target to $250, citing AI developments and upcoming launch milestones. Concerns about an AI stock bubble threatening financial markets persist, but Needham sees AI and Starship as potential catalysts for SpaceX’s stock growth. Technical indicators show a potential breakout level near $135 support. Institutional investors, like ARK Invest, continue to add exposure to SpaceX shares.
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