BREAKING: JPMorgan published a new research note today and is increasingly bullish on @SpaceX as Grok’s momentum builds.

The bank maintained its Overweight rating, saying the recently completed Cursor acquisition is already improving Grok models and strengthening SpaceX’s enterprise AI strategy.

JPMorgan says Grok 4.6 combines frontier-level intelligence with meaningfully lower costs than rivals, which should support stronger adoption and make Grok an increasingly important driver of SpaceX’s AI revenue.