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A 25-year-old is now worth more than SpaceX's COO.
HERE'S WHAT WE COVERED IN THIS EPISODE:
1. Wall Street says Musk overpaid for Cursor. We think it was a bargain.
SpaceX hit $2.5 trillion by Tuesday and passed Amazon into the top five in America. Then it bought Cursor, the AI coding startup, for $60 billion in stock. Cursor was worth about $29 billion in November, so Musk paid double in a few months. Four MIT students built it in 2022, the CEO is 25, and a team in the low hundreds already throws off billions in revenue against Claude Code and Codex.
There are two kinds of acquisitions.
One buys a rival in a flat category and strips out the…
The skinny
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