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In today’s post:
💰 Why SpaceX bought Cursor
☢ Why Nuclear Is Suddenly Hot
💣 A Chatbot Helped Bomb Iran
Our Founder Was Early to AI Winners. Now He’s Tracking What Comes Next.
Over the last 18 months, MavSource’s founder tracked and invested around major AI-related names like Micron +100%, Nvidia +74%, Sandisk +130%, Western Digital +74%, TSM +22%, Broadcom +27%, Okta +35% and Lam Research +39% — an average return of approximately +63% across the group.
Now, he’s bringing the sources and ideas behind those insights to you in one daily email digest. MavSource aggregates the most important AI updates from newsletters, podcasts, company news, AI labs, funding rounds, and more — then summarizes what matters in a simple 5-minute brief.
Past performance does not indicate future results. Informational only; not investment advice.
💰 Why SpaceX Bought Cursor
SpaceX had a Tuesday.
Shares jumped as high as 13%, dragging its market cap to roughly $2.94 trillion.
That's enough to leapfrog Amazon and Micrsoft which sat at $2.64 trillion and $2.93 trillion doing absolutely nothing.
SpaceX hit the spot as the 4th-largest company in the world.
Only Nvidia, Alphabet, Apple are still ahead.
So what set off the rocket?
SpaceX announced it's buying AI startup Anysphere, maker of Cursor, for $60 billion in stock.
This wasn't random. Back in April, SpaceX had a weird option: buy Cursor for $60B, or just pay it $10B for its work.
They chose the bigger swing.
Okay, but what is Cursor?
Think of it as autocomplete on steroids for software engineers.
It builds AI coding agents used by Nvidia, Adobe, Figma, and OpenAI. Over 1 million developers use its tools.
More than half its revenue comes from corporate customers, with companies signing up and existing ones buying more seats.
It plays in the same sandbox as OpenAI, Anthropic, and Google.
Why does a rocket company want a coding tool?
Because Elon isn't building a rocket company anymore. He's building an everything company.
Cursor was already on a tear. It raised $2.3B in November 2025 at a $29.3B valuation, then crossed $2B in annual revenue run rate by March.
Here's the real play: SpaceX owns Colossus, a supercomputer with the power of a million H100 chips.
Pair that horsepower with Cursor's army of expert engineers, and you get a serious shot at building top-tier AI models.
SpaceX put it bluntly: they want "the world's best coding and knowledge work AI."
Goldman Sachs is buying the story too. It expects SpaceX's AI revenue to grow 100x by 2030.
Cursor just became a big reason why.
SpaceX just dropped $60B on Cursor. Smart move or Elon being Elon?
TL;DR
SpaceX stock jumped 12.7%, pushing its market cap to $2.84T and bumping Amazon to grab the #5 spot globally.
It's now just $69B behind Microsoft for fourth place.
The catalyst: SpaceX is acquiring Cursor (Anysphere) for $60B in stock.
Cursor makes elite AI coding agents used by 1M+ developers and giants like Nvidia and OpenAI.
The strategy: combine Cursor's engineers with SpaceX's Colossus supercomputer to build world-class AI models.
Goldman expects SpaceX's AI revenue to grow 100x by 2030.
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There's a specialty lender trading at multi-year lows that's quietly paying an 11% dividend while the crowd runs scared. The fear? A private credit "crisis" that, on closer inspection, barely touched this company.
Here's the part the market is ignoring.
Only 2% of its portfolio is on non-accrual. Just 1.3% of its $15.3 billion in investments sit in the danger zone. This isn't a company on the ropes. It's a company that got mistaken for one.
And the price tag? Well, let me not get carried away. That’s in the article.
Yes, they cut the dividend to $0.31. Cue the panic selling. But there's a mechanism most investors completely missed that means the real payout could be far bigger than the headline number.
Meanwhile, they're sitting on roughly $4 billion in dry powder, waiting to deploy into a lending market that's tilting back in their favor.
There's a catch, though. One specific scenario could squeeze this thesis hard, and most retail investors won't see it coming until it's too late.
In today's Premium deep dive, we break down:
Why this stock could close the gap to NAV faster than the market expects
The exact dividend mechanism that makes the 11% yield potentially understated
The one rate-cut scenario that could break the entire bull case
What to watch before the next earnings print
☢ Why Nuclear Is Suddenly Hot
AI data centers eat electricity like it's a competitive sport. And someone has to feed the beast.
That someone? Nuclear energy. Suddenly the most unfashionable power source of the last 40 years is the belle of the ball.
Cue the uranium stocks.
The government wants in too.
In April, the U.S. launched a program with the very humble name "Nuclear Dominance — 3 by 33."
The goal: rebuild America's entire nuclear fuel supply chain by 2033.
We're talking the full menu. Mining, milling, conversion, enrichment, recycling. The whole nuclear food pyramid.
Why the urgency? Two words: national security.
Washington doesn't love depending on foreign countries for nuclear fuel. So it's throwing money and policy at making more of it at home.
So who's on the menu?
The uranium space is weirdly diverse. Think of it like a restaurant where some chefs have Michelin stars and others are still learning to boil water.
The miners (digging the stuff up):
Uranium Energy Corp $UEC ( ▼ 0.85% )
Denison Mines $DNN ( ▲ 0.6% )
Energy Fuels $UUUU ( ▼ 1.92% )
The processors (turning rocks into fuel):
Centrus Energy $LEU ( ▼ 6.33% ) — enrichment
ASP Isotopes $ASPI ( ▼ 3.01% ) — isotopes
BWX Technologies $BWXT ( ▲ 1.54% ) — components and services
The reactor dreamers (building the future, burning cash today):
NuScale Power $SMR ( ▼ 7.05% )
Oklo $OKLO ( ▼ 5.42% )
NANO Nuclear $NNE ( ▼ 4.27% )
The landlord (collecting rent without the dirty work):
Uranium Royalty Corp $UROY ( ▲ 2.31% )
Want the whole buffet instead of one dish?
ETFs let you own a basket:
Sprott Uranium Miners $URNM ( ▼ 0.29% )
Sprott Junior Uranium Miners $URNJ ( ▲ 0.46% )
Global X Uranium $URA ( ▼ 0.4% )
VanEck Uranium and Nuclear $NLR ( ▼ 1.12% )
But a quick word of warning.
These companies are not the same animal.
Some have fat cash piles and barely any debt. Others are drowning in leverage and losing money on every dollar of equity.
Revenue? Also all over the place. Established producers are growing. Some miners and reactor startups are watching sales fall off a cliff.
A pre-revenue reactor company and a profitable miner carry wildly different risk. Don't treat them like twins.
Is nuclear the answer to AI's power problem? Maybe. But "promising theme" and "good stock" are not the same sentence.
TL;DR
AI's massive power demand has revived interest in nuclear energy and uranium stocks.
The U.S. "Nuclear Dominance — 3 by 33" program aims to rebuild the domestic nuclear fuel supply chain by 2033, framed as national security.
The space splits into miners, processors, reactor developers, and royalty plays — each a different kind of bet.
Balance sheets vary hugely. Some names are cash-rich, others heavily leveraged.
Revenue is mixed too. Producers growing, some startups shrinking.
A hot theme doesn't make every stock a winner. Know what you're actually buying.
💣 A Chatbot Helped Bomb Iran
The U.S. and Iran just shook hands on a framework to end the fighting. The cherry on top? A massive $300B investment fund to rebuild the country.
And here's the wild part: over half of it is already pledged.
No government money. Zero public grants.
This is all private cash, called the Reconstruction and Development Fund. Companies from the U.S., the Gulf, Asia, South America, and Africa are lining up to bankroll it.
Think energy, logistics, manufacturing, transport. The big, boring infrastructure stuff that actually keeps an economy running.
So how did we land on $300B?
Iran originally wanted $400B in straight-up war reparations. Washington said "yeah, no."
The compromise? A private fund instead of a government check. Classic "we'll invest in you, not pay you" energy.
But there's a catch. A big one.
The money doesn't unlock automatically. Iran has 60 days to sort out security, sanctions, and the nuclear question first.
The Gulf-backed cash only flows if Tehran plays ball:
Dismantle the nuclear program
Neutralize the enriched uranium stockpile
Accept tough international inspections
No compliance, no cash. Simple as that.
The fund would target war-damaged sites like refineries, airports, and the Mobarakeh Steel complex.
Trump dropped the headline Sunday: the deal is done, and the Strait of Hormuz reopens with no transit fees.
VP JD Vance confirmed both sides are ready to sign Friday, with Hormuz back in business immediately.
Why should you care? That strait is a global oil chokepoint. Reopen it, tensions cool, and energy supply fears chill out.
And remember Elon's chatbot? Turns out it moonlights in warfare.
The Pentagon admitted it used a Grok AI model from xAI to help run bombing missions in Iran earlier this year.
The official reason? "Vital national security missions."
Grok was plugged into the military's AI system called Maven Smart Systems. The result was brutal efficiency.
2,000+ munitions. 2,000 targets. All in 96 hours.
Your AI assistant suggests recipes. The military's version coordinates airstrikes.
The Pentagon quietly added Grok to its GenAI.mil service in early 2026. Now we know what it was doing there.
The corporate backstory got messy too.
SpaceX scooped up xAI back in February 2026, right before its huge IPO this month.
Musk used to run both. Now he's just CEO of SpaceX and Tesla. Even billionaires apparently have to delegate.
TL;DR
The U.S. and Iran reached a framework to end hostilities, anchored by a $300B private rebuild fund with over half already pledged.
The fund uses no public money, just companies from the U.S., Gulf, Asia, South America, and Africa funding energy, transport, and infrastructure.
Iran wanted $400B in reparations; the private fund is the negotiated compromise.
Cash only unlocks if Iran dismantles its nuclear program, gives up enriched uranium, and accepts inspections, all within a 60-day window.
Trump confirmed the deal Sunday and announced the Strait of Hormuz reopens fee-free, easing global energy fears. Signing expected Friday.
The Pentagon revealed it used xAI's Grok (via Maven Smart Systems) to help strike 2,000 targets in 96 hours during the Iran conflict.