On August 25th, JPMorgan reiterated its 'Overweight' rating on SpaceX with a target price of $240, citing increased confidence in the prospects of Grok's artificial intelligence. The institution specifically noted that SpaceX acquired Cursor, which has an annual recurring revenue of approximately $4 billion, with 75% derived from enterprise business. JPMorgan anticipates that this acquisition will strengthen SpaceX's enterprise AI strategy, enhance the quality of model training data, and optimize the performance of Grok.