SpaceX shares surged 14% to $219 after announcing a $60 billion all-stock acquisition of Anysphere, maker of the AI coding tool Cursor. This deal, expected to close in Q3 2026, pushes SpaceX's market cap close to $2.9 trillion, rivaling Microsoft. The acquisition marks SpaceX's expansion into enterprise AI software, complementing its space and connectivity businesses. However, investors should watch for regulatory risks and the stock's volatility as options trading begins and the deal progresses.
Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...
SpaceX has agreed to acquire Anysphere, the developer of the AI coding assistant Cursor, in a stock-for-stock transaction valuing the company at $60 billion. The deal will merge SpaceX's subsidiary X67 Inc with Anysphere, making Cursor a wholly owned...
Pershing Square USA and Pershing Square, led by Bill Ackman, have seen mixed receptions since launching a month ago, with Pershing Square favored for its value approach. While SpaceX's IPO has excited investors with a nearly 20% gain on its first ful...
Defiance ETFs has launched the Defiance Daily Target 2X Long SpaceX ETF (SPCU), which offers investors double the daily performance exposure to SpaceX Class A common stock. Trading began on June 16, 2026, shortly after SpaceX's historic IPO valued at...
SpaceX announced it will acquire the AI coding startup Cursor for $60 billion, aiming to strengthen its position in the competitive AI coding tools market against rivals like Anthropic and OpenAI. Cursor, founded in 2022, has rapidly grown and surpas...
