SpaceX Buys AI Coding Startup Cursor for $60 Billion
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By Anhata Rooprai and Jaspreet Singh June 12 (Reuters) - SpaceX made its Nasdaq debut on Friday, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and that now targets space-based AI.
SpaceX stock surged after its IPO as the $60 billion Cursor deal expanded Elon Musk’s AI push, but valuation risks may rise after the sharp post-IPO rally.
SpaceX (SPAX.PVT) is going public with a rocket-company reputation, but its own IPO filing points investors somewhere else: AI. The preliminary prospectus opens with a huge market-opportunity chart that says as much. SpaceX says it has identified the ...
