JPMorgan reiterated its "overweight" rating on SpaceX (SPCX.US) and maintained its target price of $240, citing growing confidence in the prospects of Grok AI. The institution specifically mentioned SpaceX's acquisition of Cursor, which reportedly has an annual recurring revenue (ARR) of around $4 billion, with 75% coming from enterprise business. JPMorgan expects Cursor to enhance SpaceX's enterprise AI strategy, model training data, and the performance of Grok.

The main Nymex US crude oil futures contract has just surpassed the $83.00 per barrel mark, now quoting at $83.29 per barrel, down 2.02% on the day; the main US unleaded gasoline futures contract has just surpassed the $2.9600 per gallon mark, now quoting at $2.9631 per gallon, down 0.19% on the day.

Spot gold has just surpassed the $4630.00/ounce mark, now quoted at $4630.13/ounce, down 0.46% on the day; the main COMEX gold futures contract is currently quoted at $4686.30/ounce, down 0.24% on the day.

Spot platinum has just surpassed the $1,850.00/ounce mark, now quoted at $1,850.28/ounce, down 1.54% on the day; Nymex main platinum futures are currently quoted at $1,860.4/ounce, down 1.52% on the day.

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