Cursor deal positions SpaceX to be a $3 trillion giant, analyst says

SpaceX SPCX shares may have tumbled in recent sessions, but Oppenheimer remains convinced that the space infrastructure and AI giant is poised for significant upside as the year unfolds.

In a research note this morning, analyst Timothy Horan touted SPCX’s recent acquisition of Cursor – an artificial intelligence coding firm – which he believes could drive the stock to a high of $250 by year-end.

Horan’s bullish call is particularly significant given that SpaceX stock, despite the recent dip, is already trading up some 25% versus its IPO price at the time of writing.

If SPCX does indeed hit $250 as Oppenheimer believes, its market cap would soar past $3.2 trillion – effectively becoming the world’s fourth largest company by market cap.

Horan’s positive stance on the behemoth is primarily rooted in its recent $60 billion acquisition of Cursor.

“This deal is beneficial for both sides. Cursor gets the compute to train and inference its models – and SPCX gets the harness engineering, data, and a captive base of expert developers, rounding out its AI flywheel, and vertically integrating, which helps innovation and margins,” he wrote.

Note that the analyst’s price target signals potential upside of a whopping 40% in SPCX stock from current levels.

Why Cursor acquisition is bullish for SPCX shares

Fueling Oppenheimer’s “multi-trillion-dollar” valuation is Cursor’s explosive growth trajectory – which directly turbocharges SpaceX’s balance sheet.

Analyst Timothy Horan notes the acquisition brings two critical assets: a massive database of over one million users and an operational software layer optimized for agentic coding tools.

This proprietary ecosystem builds a virtually irreplicable data flywheel that secures vital AI market share.

Financially, the impact is immediate. Cursor’s annual recurring revenue (ARR) has skyrocketed to a $4 billion run rate – up from just $1 billion last year – and is on track to hit $6 billion by the end of 2026.

Consequently, the investment firm aggressively revised SpaceX’s fourth-quarter AI sales estimates upward by $4 billion, now expecting a massive $8.75 billion.

Should you buy the dip in SpaceX stock today?

Oppenheimer’s updated financial models underscore a “structural shift” in how Wall Street values SpaceX.

No longer viewed simply as a satellite and aerospace pioneer, the company is rapidly solidifying its status as a core AI infrastructure juggernaut.

With the Cursor acquisition serving as a massive margin-expanding catalyst, SPCX shares’ recent pullback may offer a compelling entry point for growth-oriented investors.

As the $60 billion integration rounds out its vertical technology stack, all eyes remain on SpaceX’s execution through the back half of the year.

All in all, if Horan’s aggressive $250 price target materializes, SPCX is well-positioned to rewrite market cap records and cement its position among the world's elite trillion-dollar tech titans.