SpaceX Buys Cursor For $60B, 80% Of Enterprise AI Produces Nothing & Pizza Hut Sells For Irrelevance

Five stories today — one of the most stacked news daysof the year.SpaceX confirmed Tuesday it is acquiring Cursor —the AI coding tool developed by Anysphere — for $60billion in an all-stock deal closing Q3 2026. Cursorgenerates $2.6 billion in annualized B2B revenue andis used by Fortune 500 developers globally. SpaceX'sstock gained 16% on Tuesday, surpassing Amazon inmarket cap. Elon Musk now controls SpaceX, xAI, Grok,Tesla, X, and the world's most used AI coding tool.SpaceX has also signed $26 billion per year in computedeals with Anthropic and Google combined.NIO Day 2026 preparations just started — advisorygroup applications are open now with a June 18 deadline.Deutsche Bank expects NIO's Q2 non-GAAP net profit toreach approximately 180 million yuan — a secondconsecutive profitable quarter driven by high-marginES8 and ES9 SUV performance. NIO AGM is June 24th.Deloitte surveyed 3,235 business and IT leaders across24 countries: 74% want AI to grow revenue, only 20%have seen it happen — a 54-point gap between ambitionand reality. 80-85% of enterprises miss their AI budgetforecasts by more than 25%. Uber blew its entire 2026AI coding budget by April. One company racked up a$500 million Claude bill from forgetting to set usagelimits. The era of AI accountability has started.Yum Brands is selling Pizza Hut for $2.7 billion.Brand recognition without innovation is nostalgia witha price tag. BlackRock is laying off for the third timein 18 months as AI replaces financial services rolesfaster than anyone predicted publicly.The US confirmed it will lift Iran oil sanctions themoment the accord is formally signed. Accord signed.Sanctions lifted. Iranian oil returns. Oil drops.Inflation eases. Rate cuts return. Growth stocksre-rate upward. Watch for the signature.📖 Dial Tone: A Modern Salesman's Story — my debut novel.A novel for everyone quietly wondering if there's more.E-Book and Paperback available NOW on Amazon.🔗 https://www.amazon.com/dp/B0H1VRFS5R---📊 Moomoo US: Up to $1000 in NVDA shares with deposit+ limited time 8.1% APYBONUS: Before June 30th — new users who deposit $5,000get an EXTRA $30 in SpaceX stock🔗 https://start.moomoo.com/0AY120Terms and Conditions apply. Securities offered through MFI,Member FINRA/SIPC. See Full Disclosures:https://invest.us.moomoo.com/_disclosurePromo 8.1% APY is for new users only. Cash Sweep Required.Rates may change. Actual APY may vary. Moomoo is not a bank.Click the link for Bank List and Program Terms.🔐 Nord Security:- NordVPN: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=143053&url_id=902- NordPass: https://go.nordpass.io/aff_c?offer_id=488&aff_id=143053&url_id=9356💬 Discord: https://discord.gg/GSbp4wRCourtside Financial. Hosted by Obi.