Tech stocks today: Apple stock slips as Tim Cook prepares to step down

SpaceX (SPCX) stock is in focus on Monday after big news over the weekend concerning its AI coding tool Cursor and OpenAI (OPAI.PVT).

OpenAI said late Friday evening that Cursor would no longer be allowed access to its AI models. SpaceX closed its acquisition of Cursor earlier this month in a $60 billion deal.

"We notified SpaceX that we intend to wind down our contract providing OpenAI models to Cursor, with a proposed shutoff date of November 12, 2026," OpenAI said. "We are making this choice because we cannot be confident that SpaceX will use our technology within our terms of service, based on our experience with Elon Musk's companies violating contracts."

Despite the decision, SpaceX stock was higher in early trading.

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