Elon Musk · Meta · Anthropic · Cursor · SpaceX · Starlink · Fortune Technology
This is still Musk’s show… Musk currently has 85% voting power thanks to Class B shares
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
There are examples of other “controlled” companies in the public markets, like Meta.
Key facts
- The social media platform, which Musk dramatically acquired in 2022 for $44 billion, saw its advertising revenue decline by $595 million, as its revenue for 2024 dropped by 11.5%
- The team also got a sneak peek into Cursor, which at the end of its fiscal year had $3.1 billion in total assets—$2.7 billion in cash and about $550 million in liabilities
- The valuation math is extremely aggressive: they're talking about a valuation that’ll supposedly be as high as $2 trillion, for a money-guzzling business that generated about $18.7 billion in 2025
- Cursor check… SpaceX’s prospective $60 billion acquisition of embattled AI coding juggernaut Cursor is not guaranteed, but clearly plays a key role in the story SpaceX is telling the public markets
Summary
On some level, that’s expected: Elon Musk (the world’s richest person) and his businesses have long been their own landscape of lightning rods. The company’s been around since 2002 and for decades has been revamping the once-impenetrable space economy. But SpaceX itself is also, let’s remember, a Frankensteined company in its own right: Rockets may be the headline, but SpaceX is also comprised of its massive Starlink business, the artist formerly known as Twitter, Musk’s AI outfit xAI, and perhaps eventually even AI coding mega-unicorn Cursor. Here’s what most stood out to me as the reporter combed through the go-public filing the first time. Kardashev Type II civilization… This S-1 has a pretty legendary glossary of terms. Twitter isn’t exactly crushing it… Apologies, X.