SpaceX has agreed to acquire AI coding tool Cursor from Anysphere in an all-stock deal worth approximately $60 billion, days after SpaceX’s own IPO valued it above $350 billion.
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SpaceX is preparing for Starship’s 13th test flight after scrubbing the debut of its upgraded Version 3 rocket on May 21, 2026, with engineers working through the technical issues that forced the hold at the launch pad.
SpaceX became eligible for MSCI global equity index inclusion on its second trading day, June 13, driving fresh institutional demand for the newly listed space company.
SpaceX shares surged 19% on their Nasdaq debut, closing at $160.95 and briefly pushing the company’s valuation past $2.25 trillion as Musk became the world’s first trillionaire.
SpaceX stock closed at $161 on Friday, jumping 19 percent from its $135 IPO price on its first day of Nasdaq trading, making Elon Musk the world’s first trillionaire.
SpaceX started trading on the Nasdaq on June 12 in the biggest IPO in history, raising $75 billion at a valuation of $1.77 trillion.