$SPCX

The Wall Street Journal reported that Tesla’s $1 trillion pay package could include a loophole allowing Elon Musk to unlock equity payouts if Tesla acquires or merges with SpaceX. The article contrasts SpaceX’s Q2 2026 revenue of $7.8B (+92% YoY) and $3.5B adjusted EBITDA with Tesla’s Q2 2026 revenue of $28.24B (+26% YoY) but EPS miss and negative free cash flow.

SpaceX CEO Elon Musk said on Aug. 4 that, subject to regulatory approval, the company plans to attempt catching the returning Starship upper stage with its launch tower on a flight tentatively scheduled for late August. The plan follows Flight 13’s successful reentry and splashdown and Flight 14’s first Starlink V3 operational orbit. SpaceX’s connectivity revenue rose 66% YoY to $4.3B last quarter.

Space Exploration Technologies (SpaceX) had an Aug. 6 lock-up expiration of up to 911.5 million shares, about $105 billion at that day’s close. SPCX rose 6.14% to $114.92 on heavy volume, then gained 15.8% next session. The article argues shares may not be sellable immediately due to multi-layer delivery and Rule 144/10b5-1 timing.

The article argues that after SpaceX’s June 12 IPO, space stocks fell and are now rebounding, citing sector earnings and SpaceX clearing an initial post-IPO lockup. It highlights five publicly traded names with recent results and guidance, including RDW Q2 revenue $117.1M (+89.6%), BKSY $100M annualized run rate, RKLB Q2 revenue $234M (+62%), ASTS backlog $1.3B and $1.15B note, and SpaceX parent SPCX Q2 revenue $7.8B (+92%).

SpaceX (NASDAQ:SPCX) said it closed its $60 billion all-stock acquisition of Cursor. Cursor said the deal gives it access to a large GPU fleet and cited Grok 4.6 as an early example. Analysts said Cursor provides a developer base, enterprise distribution, and data to improve AI models. Morgan Stanley reportedly forecasts Cursor ARR could rise from about $4B (June) to $33B by 2030.

SpaceX reported Q2 results Aug. 4, with revenue up 92% year over year to $7.8B and net losses narrowing to $541M from $1B. CEO Elon Musk said SpaceX targets $1T revenue by 2030, up from a prior 2031 goal. The article notes $12.5B revenue so far in 2026 and highlights high valuation and lack of profitability.

The article says SpaceX is shifting from space launches to AI, citing xAI’s Grok 4.6 rollout on Aug. 12 and plans for Grok 4.7 in 3 to 4 weeks. It cites deals with Anthropic ($1.25B/month) and Google ($920M/month) and a 248% AI-segment sales rise. It also notes post-IPO insider share unlocks, including 319M shares on Aug. 20.

Space Exploration Technologies (SPCX) shares fell about 3% after filing an SEC Form 8-K confirming closure of its $60 billion all-stock acquisition of Anysphere, maker of the Cursor AI coding tool. The deal issued about 389.3 million Class A shares, and another ~319 million insider shares are set to become sellable Aug. 20. Short interest has dropped and valuation concerns persist.

SpaceX CEO Elon Musk said in an Aug. 11 all-hands meeting that AI revenue will exceed all other SpaceX revenue, with AI revenue expected to surpass other segments in September and significantly exceed them in Q4, according to Business Insider and Musk’s X post. The article cites SpaceX Q2 sales of $7.81B, including $2.56B from AI, and discusses SPXC stock moves and Morgan Stanley’s $300 target.

SpaceX finalized its all-stock acquisition of Anysphere, Inc., maker of AI coding tool Cursor, in a deal valued at $60 billion, according to an SEC Form 8-K. The transaction issued about 391 million SpaceX Class A shares. Cursor will run under a new SpaceXAI division. Morgan Stanley kept a $300 base price target, citing potential $13 billion revenue by 2027.