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JPMorgan reiterated its overweight rating on SpaceX (SPCX.O) and a $240 price target, citing rising confidence in Grok AI’s prospects. The bank flagged SpaceX’s acquisition of Cursor, reported to have roughly $4bn in annual recurring revenue, about 7

2026-08-25

JPMorgan reiterated its overweight rating on SpaceX (SPCX.O) and a $240 price target, citing rising confidence in Grok AI’s prospects. The bank flagged SpaceX’s acquisition of Cursor, reported to have roughly $4bn in annual recurring revenue, about 75% from enterprise customers. JPMorgan said Cursor should bolster SpaceX’s enterprise AI strategy, provide additional model training data and improve Grok’s performance.

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2026-08-25

Hong Kong (China) July exports +50.7% YoY, down from 53.4% previously.

Hong Kong (China) July exports +50.7% YoY, down from 53.4% previously.
2026-08-25

The German DAX 30 index opened 94.93 points higher, or 0.36%, at 26213.92 on Tuesday, August 25th. The UK FTSE 100 index opened 22.29 points higher, or 0.21%, at 10876.61 on Tuesday, August 25th. The French CAC 40 index opened 47.97 points higher, or

The German DAX 30 index opened 94.93 points higher, or 0.36%, at 26213.92 on Tuesday, August 25th. The UK FTSE 100 index opened 22.29 points higher, or 0.21%, at 10876.61 on Tuesday, August 25th. The French CAC 40 index opened 47.97 points higher, or 0.57%, at 8500.98 on Tuesday, August 25th. On Tuesday, August 25th, the Spanish IBEX 35 index opened up 87.94 points, or 0.44%, at 20186.54; the Italian FTSE MIB index opened up 276.82 points, or 0.53%, at 52819; and the Euro Stoxx 50 index opened up 35.47 points, or 0.55%, at 6483.45.
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