IPO$85.7B

SpaceX (SPCX) -- Record $85.7B IPO, Up 58% in Four Sessions

Priced at $135, opened at $161, and now up roughly 58% over its first four trading sessions, with a market cap that has overtaken Tesla's. Days after listing, SpaceX is already deploying its new currency on a $60B all-stock bid for Cursor.

Jun 18, 2026

BIG TECH$60B

SpaceX Buys Cursor for $60B in All-Stock Deal -- Its First Move as a Public Company

Days after the largest IPO in history, SpaceX agreed to acquire Anysphere -- the company behind AI coding tool Cursor -- in an all-stock deal valued around $60B, expected to close Q3 2026. Cursor generates roughly $2.6B in annualized revenue, and SpaceX is paying with freshly minted public equity rather than cash.

Jun 16, 2026