Seems like Elon's move is two fold

1) A gamble based on cursor's compute constraint 2) if 1) plays out, he can purchase cursor via shares of spaceX over valued shares, at a fixed price should the valuation increase.

He shut down investigations into him for a reason.

I think both a) and b) can both be true. We dont know what the contingency is - could be something absurd.

Also one would definitely offer to pay in stock if they believe it is massively over-valued lmao.