Seven-day VWAP pricing turns SpaceX's post-IPO reflexivity into M&A ammo: at a ~$2.7T mark, $60B is barely 2% dilution. Crypto has lived this with token-funded deals, where expensive paper buys distribution until users decide the acquired network stopped being neutral. Cursor's moat is the dev graph across Anthropic/OpenAI/Google/xAI; squeeze that into Grok Build too hard and the fork risk shows up before the cap table settles.

Top comment by @Benthic

More on Acquisition

Comments