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Spacex — AI news & analysis
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OpenAI is cutting Cursor off on 12 November. The 5% figure is true and it is the wrong number.
On 28 August 2026 OpenAI invoked a change-of-control clause against Cursor, two weeks after SpaceX closed its $60B acquisition of Anysphere, with a proposed cutoff of 12 November. Cursor's CEO says OpenAI models are about 5% of user traffic. That is accurate about tokens and misleading about product: bring-your-own-key restores local chat and agent, and does not restore Tab, Auto mode, cloud agents, automations or the CLI. Here is what actually breaks, and the buying lesson underneath it.
Read story →SpaceX to acquire Cursor maker Anysphere for $60 billion all-stock — the second frontier AI-coding asset pulled into Musk's orbit
A SEC Form 8-K filed June 16, 2026 confirms SpaceX signed an all-stock merger agreement to acquire Anysphere — the company behind Cursor — at a $60 billion valuation. Cursor shareholders convert to SpaceX Class A stock; the deal was announced with a Q3 2026 close subject to regulatory approval and completed on 14 August 2026. Cursor reports 1M+ paying customers and $2B+ annualized revenue (projected $6B by year-end). SPCX rose ~16-17% on the news. With xAI already inside SpaceX, Musk now owns a frontier model lab and the most popular AI code editor — and the Cursor review on Pick Right has been updated.
Read story →SpaceX (SPCX) closes up 19% on its first trading day — the largest IPO in history debuts strong, setting the comparable for Anthropic and OpenAI
SpaceX began trading on Nasdaq under SPCX on June 12, 2026. Shares opened at $150 (above the $135 IPO price), peaked at $176.52 intraday (+31%), and closed at $160.95 — up 19% from the offer. Market cap ~$1.77 trillion; ~$75 billion raised, the largest IPO ever. Because xAI sits inside SpaceX, public investors now hold the first frontier-AI-lab exposure in a public company. The strong debut is a constructive pricing signal for the Anthropic and OpenAI listings expected later in 2026 — though same-week regulatory news complicates the read.
Read story →SpaceX prices IPO today at $1.75T — including xAI, the largest IPO in market history; Nasdaq listing tomorrow
SpaceX prices its IPO after market close on June 11, 2026 at $135/share — implying a ~$1.75 trillion valuation. The offering raises ~$75 billion. Listing on Nasdaq tomorrow, June 12, under ticker SPCX. xAI was merged into SpaceX in February 2026 in an all-stock buyout at $250B valuation. Investor demand reportedly hit $150 billion — 2× the raise. 30% of the issue (~$22.5B) allocated to retail — triple the industry norm. The largest IPO in market history; first frontier AI lab (xAI/Grok) to be inside a public company.
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