Bill Ackman says the value of SpaceX is what makes it so valuable.

Quoting @BillAckman: One of the things that makes @SpaceX so valuable is how valuable it is. The Cursor acquisition costs materially less in dilution because of SpaceX’s high valuation. SpaceX’s ability to do economically, strategically, and technologically accretive acquisitions is an important

Henry’s note: dispatched straight to the wire — the post is the whole story. Context and links land as Henry replays the record.