TradingKey – On August 25, Eastern Time, shares of SpaceX (SPCX) fell by only about 1% following the second post-IPO lockup expiration on August 20, as the market absorbed the additional share supply relatively smoothly.

Meanwhile, share price catalysts for SpaceX continue to build. JPMorgan analyst Doug Anmuth maintained an “Overweight” rating on SpaceX with a price target of $240, representing an upside potential of approximately 70% from current levels.

The firm stated that after SpaceX completed its $60 billion acquisition of AI coding platform Cursor, Grok is expected to further penetrate the enterprise artificial intelligence market.

Anmuth noted that SpaceX’s acquisition of Cursor is a significant step toward expanding its…