SpaceX Announces $60 Billion Acquisition of AI Startup Cursor Using Surging Stock

SpaceX has acquired AI coding startup Cursor for $60 billion in stock, leveraging the company's soaring post-IPO valuation. The deal is notable as it was announced just four days after SpaceX listed on the public market and highlights Elon Musk’s ability to execute large acquisitions using appreciating equity.

By Lily Mae Lazarus Tue, June 16, 2026 at 8:20 PM GMT+3 5 min read · Yahoo Finance · June 16, 2026, 17:20 UTC

Tickers: $SPCX

Topics: AI startup acquisition Elon Musk IPO performance SpaceX

Read the full article at Yahoo Finance

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