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The deal, expected to close in the third quarter of 2026, values Cursor's parent company Anysphere at $60 billion

The main US stock measures were mostly pointing higher in Wednesday's premarket activity as traders

U.S. stock futures rose as further details on a memorandum of understanding between the U.S. and Iran lifted sentiment.

The new Fed chair is likely to home in on elevated inflation and its primary causes.

SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.

Jason Calacanis said Cursor could become the No. 1 or No. 2 AI coding agent within a year thanks to SpaceX's compute advantage.

Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.

The Dow surged to a fresh intraday record on Tuesday before finishing at an all-time closing high, marking its second straight record close.

By Suzanne McGee June 16 (Reuters) - Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders ‌for all things AI, two asset managers disclosed plans to launch exchange-traded funds ‌linked to the new AI-stock acronym that is all the buzz on Wall Street. In what ETF market analysts described ​as the latest example of "concept investing," Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi Securities both filed late on Monday with the U.S. Securities and Exchange Commission for permission to roll out new funds pegged to the "MANGOS" moniker that ‌sprang to life on X and ⁠other social media sites ahead of the SpaceX IPO.

Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer’s shows make millions without Hollywood.

NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-

The Dow Jones hit a new high and SpaceX kept rising. But chips and most AI stocks fell. Fed chief Kevin Warsh's comments will be in focus Wednesday.

Data center provider Csquare on ‌Tuesday filed for ‌an initial public offering in ​the United States. Activity in the U.S. IPO market has seen a ‌rebound, ⁠with several sectors joining in to capitalize ⁠on the investor enthusiasm for fresh ​stocks. Elon Musk's ​SpaceX ​went public in ‌New York on Friday, after a record-breaking IPO.

By Sinéad Carew and Sruthi Shankar June 16 (Reuters) - The Nasdaq Composite and the S&P 500 lost ground on Tuesday under pressure from technology stocks, while the Dow Jones Industrial Average touched

The space flight competitor is falling while SpaceX is soaring.

SpaceX is one of the fastest new entrants ever into the top tier of the US market.

Scott Melker discusses the CFTC, BlackRock's new bitcoin ETF, SpaceX trading like a meme stock, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX's acquisition of Cursor could help the company's stalled AI efforts.

Shares in SpaceX have rocketed since its hotly-anticipated IPO on Friday and news of the acquisition helped fuel a fresh uplift.

SpaceX options volumes are already smashing records just hours into their first trading day. About 927,000 options contracts tied to SpaceX changed hands by around 11:30 a.m. ET on Tuesday, show Cboe Global Markets data.

SpaceX will offer stock to Cursor investors as the AI coding deal targets a third-quarter 2026 close.

SpaceX confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion. 

SpaceX (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion. 

<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly.&nbsp;</p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion.&nbsp;</p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion.&nbsp;</p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded.&nbsp;</p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure.&nbsp;</p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”.&nbsp;</p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group.&nbsp;</p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years.&nbsp;</p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles.&nbsp;</p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval.&nbsp;</p><p>Lawmakers have ​proposed making the rules even tougher.</p></body>

SpaceX signs $60B all-stock deal to acquire Cursor (Anysphere). Will this AI coding powerhouse merger boosts SPCX & aerospace AI innovation?

SpaceX's market debut turned into a record retail buying event.

SpaceX (SPCX) allocated at least a single share of its $86.2 billion initial public offering to ever

Stocktwits data showed retail sentiment on SPY and QQQ has remained ‘bearish’ despite the recent rally.

What such a deal would actually hand the automaker's shareholders is less clear-cut than the headline odds suggest.