Hawthorne (LA County), California: Exterior View of SpaceX Headquarters located at 1 Rocket Road

Walter Cicchetti

SpaceX (SPCX) was in focus on Tuesday as J.P. Morgan said it has become “increasingly positive” on the company’s Grok artificial intelligence models and chatbot, especially after the Cursor acquisition.

“Cursor brings ~$4B of ARR (as of June 2026), with ~75% coming from businesses, which should

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