Morgan Stanley highlights SpaceX's AI software platform Cursor, used by over 64% of Fortune 500 companies, projecting $8 billion in annual recurring revenue (ARR) by year-end and $33 billion by 2030. This positions SpaceX as a major player in high-margin AI software, complementing its launch and satellite business. The firm sets a $300 price target for SpaceX, noting its AI segment's rapid growth and the upcoming $60 billion Cursor acquisition. Compared to peers like Microsoft, Alphabet, and ServiceNow, SpaceX's software business is undervalued, suggesting significant upside potential as the market recognizes this software layer.
The 2026 IPO wave, led by AI-focused companies like Coreweave, is drawing comparisons to the late-stage exuberance of the 1999 Internet Boom and the 2021 SPAC surge. Coreweave raised $1.5 billion despite significant losses, and shares have since drop...
SpaceX stock fell 5% following the release of a $47.2 billion tranche of insider shares becoming sellable after the company's IPO lockup period. This large supply overhang pressured not only SpaceX but also other space-related stocks like AST SpaceMo...
An Anthropic safety researcher stated there is more than a 10% chance that AI could kill all humans within the next decade, highlighting serious concerns about AI safety and control. Another Anthropic employee resigned, accusing AI labs like Anthropi...
SpaceX shares rose 4% following Pivotal Research's initiation of coverage with a Buy rating and a $220 price target, significantly above current levels. The boost reflects strong growth in SpaceX's AI compute, Starlink, and launch businesses, with Q2...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
