SpaceX just swallowed $60 billion for Cursor, then turned around and knocked on the door of AI programming company Cognition—only to be shut down by the CEO with a single line: "The company isn’t for sale."
But the other storyline is even more dramatic: through Berkshire’s heavily invested, look-through holdings in Alphabet, it indirectly acquired about 0.04% of SpaceX—worth over $700 million.
Back when Musk asked Buffett how many years it would take to get him to invest in Tesla, it never happened. Now the "stock sage" has looped around and tied Musk to him in this way.
What you can’t buy, you still want to buy; what you don’t want comes anyway.
So do you think this move by Buffett is a bet on space—or just a side effect of passive holdings?$SPCX
But the other storyline is even more dramatic: through Berkshire’s heavily invested, look-through holdings in Alphabet, it indirectly acquired about 0.04% of SpaceX—worth over $700 million.
Back when Musk asked Buffett how many years it would take to get him to invest in Tesla, it never happened. Now the "stock sage" has looped around and tied Musk to him in this way.
What you can’t buy, you still want to buy; what you don’t want comes anyway.
So do you think this move by Buffett is a bet on space—or just a side effect of passive holdings?$SPCX