This is the only real, but absolutely meaningful, power of their preposterous market cap: the ability to effectively print money for acquisitions. They can’t get away with one of these every week but there is room to buy their way into businesses that help justify their valuation over time.
Casey Ayers
SpaceX shareholders are already being diluted, as the company registers another $60 billion worth of equity to pay for its acquisition of the vibe coding startup Cursor
www.wsj.com/business/spa...
The deal comes days after the rocket maker’s historic IPO made it one of America’s most valuable companies.
