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SpaceX founder and CEO Elon Musk speaks via video at the Nasdaq Marketsite in Times Square during the launch of the SpaceX initial public offering (IPO) on the Nasdaq in New York City on June 12, 2026. SpaceX, a rocket manufacturing company, began trading Friday under the ticker SPCX following the largest initial public offering ever. Musk, who’s also CEO of Tesla and celebrated from a rocket launch site in Florida, is set to become the world’s first trillionaire. Spencer Platt/Getty Images
Elon Musk’s SpaceX said in a regulatory filing on June 16 that it will purchase artificial intelligence (AI) startup Cursor for $60 billion.
Days after its historic $2 trillion Nasdaq debut, SpaceX is aiming to bolster its share in the enterprise AI market by acquiring the popular San Francisco-based AI coding agent in an all-stock deal, according to an 8-K filing with the Securities and Exchange Commission.
