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

**Obi** (0:04)
If you want to be a part of the conversation before it happens here on YouTube, click that link in the description to join the free Courtside Financial Discord. Before we get into today's stories, guys, you already know what's coming. I wrote a book. It's a full length novel. It's called Dial Tone, A Modern Salesman's Story. It's a novel for anyone who's quietly wondering if there's more. The ebook and the paperback are available live right now on Amazon. You can order it today and have it in your home soon. Link is in the description. Now just days after its IPO, SpaceX acquired Cursor, the AI coding tool used by millions of developers for $60 billion.
SpaceX market cap just surpassed Amazon. Elon Musk now runs rockets, satellites, AI, social media, and the most popular coding tool on earth. Meanwhile, 80 percent of enterprise AI spending is producing measurable results for nobody. Uber blew its entire 2026 budget in four months.
One company accidentally racked up a $500 million Claude bill, and Deloitte found that 74 percent of companies want AI to grow revenue, but only 20 percent have seen it happen.
NIO Day 2026 preparations just started and Deutsche Bank expects Q2 profitability. Pizza Hut is being sold by for $2.7 billion because it stopped being irrelevant. BlackRock is laying off for the third time in 18 months, and the US just confirmed it will lift the Iran oil sanctions the moment the accord is signed. Tuesday, June 16th. Let's get into it. I'm Obi. This is Courtside Financial. Also, guys, speaking of SpaceX, before June 30th, new Moomoo users who deposit $5,000 will get an extra $30 in SpaceX stock on top of the existing offer. Given that SpaceX just made the biggest AI acquisition in history today, that's actually a really good timing. More on that in a little bit, but let's talk about our first topic here today. And with that being said, we're going to start where your portfolio lives. NIO just opened applications for the NIO Day 2026 User Advisory Group, formally kicking off preparations for its flagship annual event.
NIO Day 2025 was held September 20th. NIO Day is not just a product launch, guys. It's the event where NIO owners become NIO evangelists. Music, community, new product reveals, the annual moment that turns customers into movement. The fact that preparations are starting now in June means that the event is likely to be in September again, and NIO is planning something super significant. More importantly, for your portfolio today, Deutsche Bank just published expectations that NIO will deliver approximately 180 million yuan in Q2 non-gap net profit. That's 26 million US dollars for those of you out west. A second consecutive profitable quarter driven by the high margin ES8 and the ES9 SUV performance. And the Motley Fuel published today, NIO delivered 37,705 EVs in May and is making its own chips. Can it compete with BYD at scale? The exact story this channel has been telling for months. Western Financial Media is starting to catch up to what this community already knows. NIO AGM is June 24th, that's eight days away. William Lee addresses shareholders directly. That's your next major catalyst. All right, quick break. I want to make this worth your guys' time because what I'm about to show you is actually how I personally do my NIO research. Since earnings, NIO has had a lot of interest and a lot of you have been asking how I'm researching it. Most retail investors trade a contested name like NIO based on sentiment, technicals or whatever headline just dropped on X without ever seeing the actual data underneath the move. The real numbers and the real signals. That's the edge that Moomoo gives me and that's exactly why I use it. Let me walk you through how I use it on NIO. First thing I do, especially the night before earnings or the morning of a major catalyst, is pull up NIO on Moomoo. I tap the chart and right below it you'll find Moomoo's AI daily brief and weekly brief.
It pulls in the news, the technical signals, earnings data and synthesizes everything into a directional read.
Bullish factors, bearish factors, everything laid out clearly so you can see where the weight of the evidence is sitting. That confluence is what I'm looking for. If the key events, trading data and options flow are all pointing in the same direction, that's a real signal. If they're split, I want to know that before I ever open a position or say anything on this channel. Got a specific question? Just tap Ask AI right in the app. It runs on real-time financial data, so you're getting grounded answers based on the actual market information, not made up numbers. That matters when you're researching something as volatile as NIO. Now flip over to Analyst Ratings. This is a section that most retail investors skip over, and they really shouldn't. Go to the Stock page, then the Valuation tab and select Analyst Ratings. You'll see the full analyst consensus, 43 analysts in total, along with a visual price target range showing the maximum, average, and minimum 12-month forecast. So, when I mention a Goldman Sachs call or a Wedbush target in a video, this is the screen that shows me exactly how that individual call fits into the broader sales side story. Is it an outlier or is it a consensus? That context changes everything about how you interpret a headline. You could also view individual analysts' track records and success rates so that you could see who's actually been right with the claims or calls that they're making. It pairs directly with Morningstar Institutional Research on the same valuation tab. You'll find fair value estimates, economic moat ratings, plus bull say and bear say breakdowns. That's a complete fundamental toolkit on one screen. It used to require a terminal. Now you can do it all from your phone.