SpaceX Soars After Record IPO and $60B Cursor AI Deal
SpaceX's stock jumped about 15% after a record IPO that raised roughly $75–86 billion and news of an all‑stock $60 billion Cursor AI acquisition, signaling a pivot from rockets and Starlink to AI infrastructure and enterprise software backed by multi‑year GPU/data‑center deals with Google and Anthropic; investors weigh dilution, capital intensity and execution risk as the company pivots toward AI growth, with looming earnings, data-center progress, Starlink adoption, and upcoming insider lockups as near‑term catalysts, along with governance tweaks like Roelof Botha joining the board.