1022 ET - SpaceX's artificial-intelligence ambitions are coming into sharper focus, and JPMorgan analysts they feel increasingly bullish on Grok. SpaceX recently earlier this month closed its acquisition of Cursor, a move the analysts say in a research note marks an important step in building out its enterprise AI capabilities. "Importantly, we have already seen the benefits of Cursor data incorporated into Grok's supplemental training, with tangible improvements in recent model performance," they write. Looking ahead, Grok 5--expected by December--should represent a substantial step up in scale and capacity. "While near-term AI revenue is largely driven by premium compute deals, we expect improving Grok monetization, particularly among enterprises, to become an increasingly important driver over time," the analysts say.