If the first day's share price is anything to go by, investors are still very optimistic on the stock.

SpaceX ( SPCX) disclosed this morning that it is officially acquiring artificial intelligence startup Anysphere, the maker of Cursor, for $60B in stock. The disclosure follows the curious announcement in April, which gave SpaceX the option to acquire Cursor for $60B or pay it $10B for its work.

What such a deal would actually hand the automaker's shareholders is less clear-cut than the headline odds suggest.

After an historic $2-trillion IPO and a follow-up 20% rally on Monday, SpaceX stock has answered one question very clearly: there's appetite in the U.S. equity market for another

SpaceX's 19% first-day pop pleased everyone. Now retail and institutional traders are undecided about the stock's upside.

Several funds aim to double the daily return of SpaceX's stock, but their quirky mechanics make them trickier to hold over the long term.

SpaceX, and its owner Elon Musk, serves as quite the lesson for us all in manufacturing belief, regardless of reality.

SpaceX has formally agreed to take over Cursor in a deal that values the artificial intelligence coding startup at $60 billion, cementing a key part of Elon Musk’s efforts to catch up with rivals on coding tools.