SpaceX's stock is soaring since its IPO. The ticker hit 218$ in just three trading days, a 62% spike from its IPO price.
The latest catalyst is the announcement of the acquisition of Anysphere, the company behind Cursor, which is AI-assisted programming software. The deal is valued at 60 billion dollars and is expected to close in Q3 2026.
Interestingly, the acquisition will be funded by issuing new SpaceX shares instead of cash. Current shareholders will experience a slight dilution, but the company is keeping its liquidity to fund other growth projects.
The acquisition of Cursor also confirms that SpaceX is looking to expand its footprint in artificial intelligence. Just days after its IPO, the company is already using its own shares as currency.#SPX #action
The latest catalyst is the announcement of the acquisition of Anysphere, the company behind Cursor, which is AI-assisted programming software. The deal is valued at 60 billion dollars and is expected to close in Q3 2026.
Interestingly, the acquisition will be funded by issuing new SpaceX shares instead of cash. Current shareholders will experience a slight dilution, but the company is keeping its liquidity to fund other growth projects.
The acquisition of Cursor also confirms that SpaceX is looking to expand its footprint in artificial intelligence. Just days after its IPO, the company is already using its own shares as currency.#SPX #action