SpaceX-Cursor Deal, SaaS Debt Bomb, New Apple CEO, SPLC Indictment, Colon Cancer Spike
In a Nutshell
SpaceX is acquiring Cursor for $60B by 2026 (or paying $10B fee), leveraging xAI's compute to dominate AI coding amid 74% Polymarket odds, boosting SpaceX's $2T IPO path. SaaS faces a debt bomb (e.g., Medallia's $6.4B buyout collapsing), with AI agents driving deflation, crashing stocks like Salesforce (-32%), and shifting value to tokens/custom tools. Key updates: Tim Cook stepping down for John Ternus at Apple to revive innovation; SPLC indicted for wire fraud laundering $3M to hate groups via offshore accounts; picloram pesticide linked to 80%+ colon cancer spike in under-50s.
These notes were generated by AI and may contain inaccuracies.
Jason is at the intersection of SPLC files, described as SPLC adjacent. Reference to carrying a stiletto and P35 for protection. Open source to fans. Episode 270 of the All-In Podcast with David Friedberg (Sultan of Science), Chamath Palihapitiya (Dick Tater), Jason Calacanis, and David Sacks (Rainman).
David Sacks was in DC at the White House with POTUS, pushed the podcast back an hour. President Trump is pleasant, genial, asks questions, interested in subject matter, charming. Media portrays him as yelling or moody, but that's not the experience. Lucky to have him as president during AI revolution.
If Kamala were president, no data centers, AI used to censor, promoting DEI values per Biden executive order. Trump wants country to win, no doomer neurosis. Supports specific regulations for problems, not halting progress. Trump suggested over a year ago AI companies stand up own power generation behind the meter for data centers, better than shutting down.
Trump talks to business leaders, listens to top guys like Anthropic, synthesizes info. Gave flowers to Anthropic guys as brilliant, working on a deal. Balanced view: smart guys, great product, leftwing but workable, tried to tell Pentagon what to do which Pentagon didn't like. Trump likes high IQ people, loyal people, good on camera.
SpaceX signed huge deal with Cursor, AI coding startup that defined the category. xAI and Cursor building world's best coding and knowledge work AI. SpaceX will buy Cursor by end of 2026 for $60 billion ($10 billion more than rumored raise) or pay $10 billion collaboration fee (Bloomberg calls it breakup fee). Cursor run rate $2 billion end of February, expect $6 billion by end 2026 (tripling). SpaceX projected revenue $22-24 billion in 2026, accretive. SpaceX IPO targeting $2 trillion valuation, ~80x topline revenue; Cursor at 30x.
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