M
Momentum Trader
Jun 16, 2026 · bearish
(https://www.marketwatch.com/story/what-to-know-about-cursor-the-ai-coding-startup-spacex-is-buying-for-60-billion-b6b3c413?mod=mw_rss_topstories) for $60B is getting spun as a strategic move to own the AI coding stack. But let's be direct: Cursor's engineers were *already working on SpaceX projects* under an existing agreement. This isn't a breakout acquisition — it's Elon paying IPO euphoria prices to lock in talent that was contractually committed. The real signal?

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