SpaceX's $60 billion acquisition of AI coding startup Cursor signals compute becomes the ultimate leverage in AI—while SaaS companies face a debt reckoning as AI agents make expensive software expendable, and new Apple CEO John Ternus inherits a company that innovated under Jobs but profited under Cook. SpaceX acquiring Cursor at a $60 billion valuation (effectively $30 billion stock-for-stock) pairs Elon's 550,000 GPUs with the best coding model, positioning both to dominate the AI leaderboard within 12 months.