SpaceX rises more than 1% in pre-market, joins hands with cursor to release Grok 4.5, gains more shares from Wood Sister According to Golden Finance, on July 9th, SpaceX (SPCX. US) rose 1.38% in pre-market trading to $150.35. On the news front, SpaceXAI has released a new artificial intelligence model called Grok 4.5, which was developed in collaboration with AI programming startup Cursor to narrow the gap with competitors such as Anthropic and OpenAI. Grok 4.5 is designed to handle complex, long-term operational tasks including software engineering, legal, and financial services, and enhances cybersecurity capabilities. In addition, Ark Invest, a subsidiary of Catherine Wood, made significant adjustments to its investment portfolio on Tuesday, emphasizing an increase in exposure to the private aerospace sector while reducing its semiconductor holdings. The company has increased its holdings of SpaceX in multiple ETFs. Citigroup recently launched coverage of SpaceX, giving it a "buy" rating and a target price of $200. The bank believes that this target price is just a milestone, and the stock price is expected to reach over $900 in the future after key engineering achievements are achieved on a large scale. The report states that SpaceX is in a particularly catalyst intensive start-up phase for the next 2-3 years, which is expected to help the company establish a dominant position in multiple high-value markets.