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SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
Reuters50d agobullish
SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push

Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, ‌for $60 billion, in a bid to ramp up its presence in the ‌enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuster ​Nasdaq debut that valued the firm at more than $2 trillion and immediately made it one of the world's most valuable companies. SpaceX said it expects the merger to close during the third quarter of 2026.

U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub50d agobullish
U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures

Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed MeetingU.

Will The Fed Kill The S&P 500's Relief Rally?
Trefis50d agobullish
Will The Fed Kill The S&P 500's Relief Rally?

The S&P 500 closed Monday at 7,554.29, up 1.65%, as the Nasdaq surged 3.1%. This sharp rally appeared closely tied to geopolitical developments. On Sunday, June 14, President Trump announced the US-Iran peace deal via Truth Social, simultaneously authorizing the toll-free reopening of the Strait of Hormuz and removing the naval blockade. Consequently, WTI crude dropped roughly 5% to around $80, while Brent fell to $83, their lowest levels in months. The S&P now walks into one of the most consequ

Investing.com51d agobullish
These 2 space stocks were upgraded at KeyBanc today

Investing.com -- KeyBanc Capital Markets upgraded two space stocks to Overweight from Sector Weight in a note on Monday, arguing that recent sector-wide volatility tied to SpaceX's record-setting IPO has created compelling entry points across commercial space names.

Mining Tycoon Buys $1 Billion SpaceX Stake
The Wall Street Journal51d agobullish
Mining Tycoon Buys $1 Billion SpaceX Stake

Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX, betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades.

Mining Tycoon Gina Rinehart Buys Over $1 Billion SpaceX Stake
The Wall Street Journal51d agobullish
Mining Tycoon Gina Rinehart Buys Over $1 Billion SpaceX Stake

Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades. The stake in SpaceX, which last week pulled off the largest initial public offering ever, is the single largest investment outside of iron ore made by her closely held company, Hancock Prospecting, one of the world’s major exporters of the steelmaking commodity. The investment reflects Hancock’s confidence in Musk and recognizes the need for the West to keep investing in technology and innovation, Rinehart said in emailed remarks on Monday.

SpaceX vaults over $2 trillion valuation as stock jumps after record IPO
Reuters54d agobullish
SpaceX vaults over $2 trillion valuation as stock jumps after record IPO

June 12 (Reuters) - SpaceX jumped over 20% in its Nasdaq debut on Friday, lifting its valuation to more than $2 trillion as investors piled into the world's largest IPO and bet on Elon Musk's sprawling empire spanning rockets to AI. The stock opened for trading at $150, compared with ‌the IPO price of $135 per share.

Indexes Climb Ahead of SpaceX Trading Debut
The Wall Street Journal54d agobullish
Indexes Climb Ahead of SpaceX Trading Debut

It's not all SpaceX in markets today. A big gain from Goldman Sachs is boosting the Dow Jones Industrial Average. The blue-chip index recently added around 400 points, or 0.8%. The S&P 500 rose 0.5%. The tech-heavy Nasdaq advanced about 0.

Stock Futures Up as Investors Await Historic Test of Market by SpaceX
The Wall Street Journal54d agobullish
Stock Futures Up as Investors Await Historic Test of Market by SpaceX

Stock indexes around the world are in positive territory and U.S. stock futures are up. The IPO has shattered records, with SpaceX raising $75 billion, selling 555.6 million shares at $135 each. The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker “SPCX.”

3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs
24/7 Wall St.54d agobullish
3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs

The day has come. The Space Exploration Technologies (NASDAQ:SPCX) IPO is ready to touch down, and it’s going to be interesting to see how the shares twist and turn in their first full day on the public markets. It’s an oversubscribed IPO, to say the least, as last-minute investors look to submit their limit orders ... 3 Reasons SpaceX Stock Might Be a Buy as Soon as it IPOs