SpaceX’s pending $60 billion stock deal for Cursor’s parent Anysphere could mark a pivot from selling compute to building a vertically integrated AI platform, according to Morgan Stanley. The bank projects Cursor’s ARR could double to $8 billion by year-end 2026 and reach roughly $33 billion by 2030, with enterprise clients providing up to 80% of revenue. Integration with Grok, X’s real-time data, SpaceXAI infrastructure and Starlink connectivity—and potential collaboration with Tesla—could position SpaceX to develop proprietary, frontier-level models. Morgan Stanley rates SpaceX Overweight with a $300 price target and a $600 bull case, while flagging risks from open-source competition, falling model prices, reliance on third-party providers and margin pressure. Key catalysts include the acquisition close, Q3 disclosures, new Grok releases and updates on Cursor’s recurring revenue trajectory.
Is SpaceX Ready to Vault Into the AI Big Leagues?
- Trending
- Comments
- Latest
