Blaine Curcio, managing director of Orbital Gateway Consulting, says China is closely studying SpaceX and Starlink as it builds out its commercial space sector. He notes that China is taking a more decentralized approach,

Shares fell by as much as 7% during volatile trading - after they had been up by 6% earlier in the session. They eventually closed almost 5% lower.

SpaceX just agreed to buy AI coding startup Cursor for $60 billion. Here's what the blockbuster deal means for Elon Musk's battle with Anthropic and OpenAI.

"I am not involved with SpaceX now. Neither short nor, ahem, long," Burry wrote in a tongue-in-cheek allusion to his misgivings about the company.

The deal will help to bolster the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.

Like all market participants, I have been following the SpaceX IPO and its aftermath closely. As a follower of “tails”, on both the left and right side, this IPO provides a great laboratory to test out some ideas and hypotheses on how the markets are pricing risk and reward in the extreme parts of the distribution.

Cursor, which started in 2022, helped spark a trend called “vibe coding” as AI coding assistants have become increasingly capable of doing the work of computer programming.

SpaceX's share price is set to open Monday more than 5% higher, adding a further $100 billion to its $2.1 trillion valuation.