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News 2026-08-11 17:30 UTC

QUICK SPARK: SpaceX Stock Could Hit $600, Morgan Stanley Says

SpaceX (NASDAQ: SPCX ) shares could reach $600 as investors get more clarity on the Cursor/Grok AI story and re-rate the company’s AI business — a bull-case view Morgan Stanley analyst Adam Jonas said could play out as investors digest the Cursor acquisition and AI story, per CNBC. The firm projects Cursor annual recur