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I'm a bit confused by the Cursor relationship here, the acquisition hasn't closed yet, what are they doing with Composer?
The $60 billion cursor option that SpaceX bought was exercised on June 16th. The deal is closed.
No it was just announced then but it's still going through regulatory/antitrust
There is an approximately zero probability that someone donating hundreds of millions of dollars to Super PACs in support of the most vain and corrupt president in US history will be held up by anti-trust enforcement.

There's not a lot of reason for them to keep arms length at this point.

While you’re probably correct on this one, I thought the same thing about them ending the electric car rebates
That didn't really harm Tesla, they had already used their rebates. It harmed the competitors more so it may have been beneficial.