What is a Joint Stock Company? Explained in Simple Terms #jointstockcompany #jointstockmeaning

The Stock Market Explained When a company goes public, it decides how many units to create, what rights attach to each unit, and who gets which type. SpaceX created two types. Class A is what they sold to the public. Your pension fund, retail investors, institutional buyers — everyone who bought at IPO got Class A. One vote per share. If you own 1,000 shares, you have 1,000 votes. Class B is what Musk holds. He did not buy these at IPO. He held them before the company went public, as the founder

Elon now owns the full stack: compute (Colossus), models (Grok/xAI), and the developer tool (Cursor). But unlike Codex or Claude Code, Cursor is model agnostic. You can run Claude, GPT, Gemini, any model. It’s not locked to one company. And now it has SpaceX resources behind it. Cursor was bottlenecked by compute. That bottleneck just got removed. $4B annual revenue. Over half the Fortune 500 uses it. The AI coding wars just introduced a third player with very deep pockets. #spacex #cursor #ai #

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