TradingKey – On September 3, Eastern Time, SpaceX (SPCX) shares briefly touched near recent highs in early trading, rising over 5%.

According to reports, Oppenheimer analyst Timothy Horan said SpaceX is expected to emerge as a winner amid the short-term compute shortage. He raised the price target from $250 to $280 and assigned a “Buy” rating to SpaceX.

Horan believes the company “has the ability to bring online infrastructure faster than anyone else, and is leveraging this infrastructure and its data to refine its models faster than anyone else.”

Horan stated: “In an environment where compute remains constrained, we expect SpaceX to capture half of every dollar of revenue generated by partners like Anthropic using SpaceX’s compute.”

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