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Spacex — AI news & analysis
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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 closes Q3 2026 subject to regulatory approval. 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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