BREAKING: President Trump gives Starlink a major shoutout on the new Air Force One and calls Elon Musk his friend.
"We have communication equipment up there that nobody's ever seen before, it's the highest level and including Starlink, my friend Elon is going to be very happy."
⚡️SpaceX $SPCX initiated with a Buy at Arete
Arete analyst Andrew Beale initiated coverage of SpaceX with a Buy rating and Street-high $401 price target.
The company's Starlink V3 satellites open the "sizeable" suburban broadband opportunity, the analyst tells investors in a research note.
The firm says SpaceX is "breaking hard engineering challenges into stepwise tasks" as it builds hardware and software for space, connectivity and AI.
The price target reflects the scale of opportunities Arete's see in space.
🚨 UPDATE: SpaceX has named its X account as an official disclosure channel per SEC filing, meaning all company news will break on X rather than traditional newswires.
SpaceX has exercised the option to acquire @cursor_ai in an all-stock transaction with the goal of building the world’s most useful AI models.
For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.
We look forward to working closely with the Cursor team to advance our frontier AI capabilities