Comment by HarHarVeryFunny
17 days ago
It's $60B in SPCX stock, not in cash.
https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-f...
17 days ago
It's $60B in SPCX stock, not in cash.
https://techcrunch.com/2026/06/16/spacex-to-acquire-cursor-f...
Guess Musk figured out that paying all cash to acquire something was a bad idea.
Sure - why use cash when you can use bits of paper instead?
I'd expect more of the same to come - good way to lock in some of this crazy SpaceX valuation by converting it into something with a bit more inherent worth.
Tesla next?
cash is bits of paper...
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