SpaceX's Market Cap Surpasses $2.9 Trillion Following $60 Billion Acquisition of Cursor
Following its acquisition of the AI coding tool Cursor for $60 billion in an all-stock deal, SpaceX (SPCX) saw a 14% surge in share price, pushing its market cap past $2.9 trillion and nearing Microsoft's valuation. The move has intensified post-IPO volatility as retail investors poured significant capital into SPCX.
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Topics: AI tools Cursor SpaceX stock market reaction