SpaceX to Buy AI Coding Startup Cursor for $60 Billion as Shares Surge Past Amazon
SpaceX said it would buy AI coding startup Cursor for about $60 billion just days after its IPO, extending a rapid public-market debut. Shares surged, pushing the company past Amazon and briefly above Microsoft by market value and placing the rocket maker among the world’s five largest listed companies.
Only about 4.3% of SpaceX’s equity trades publicly, while demand also spilled into adjacent products. The number of ETFs holding the stock jumped from 4 to 120 in days, SpaceX drew the highest options volume on all U.S. exchanges on its first day of options trading, and SPCX, a tokenized SpaceX stock offered by Backpack and Sunrise on Solana, generated more than $105 million in 24-hour trading, more than half of the network’s record $187.9 million tokenized-equities volume.
From the sources (25 posts)
@calilyliuRT @armaniferrante: It's Sunday. The one and only place--in the world--where you can buy $SPCX stock, stock that can actually make its wa…
@cryptorover🚨 SMART MONEY IS SHORTING $SPCX WHILE RETAIL IS BUYING. The biggest traders on Hyperliquid are short. One single position: $15.38M short, entry $163.91. The crowd? 10,787 long accounts vs 2,476 short. Mostly small retail positions. Th
@calilyliusee spot run
@toly👑👑👑
@toly👑👑👑
@wublockchainOn-chain data shows that 24-hour spot volume for tokenized equities on Solana reached a record $187.9 million. SPCX, a tokenized SpaceX stock offered by Backpack and Sunrise, generated more than $105 million in trading volume, accounting fo
@degeneratenewsNEW: @Backpack'S TOKENIZED $SPCX FLIPS $HYPE IN 24H SPOT VOLUME ON @solana @Backpack CEO @armaniferrante says " $SPCX just became not only highest 24hr volume market on @solana, but the highest volume stock in network history " https://t.c
@backpack_esLos mercados de capitales en línea ya están aquí. $SPCX alcanzó un volumen de $108M en 24H, convirtiéndose en el mercado con mayor volumen en Solana. Emitido por Backpack Securities, $SPCX es canjeable 1:1 por acciones reales y transferib
@solanafloorUPDATE: Tokenized SpaceX ($SPCX) 24H volume on @Solana has surpassed $100M for the first time, as demand for $SPCX continues to drive record activity in tokenized equities.
@bloombergtvJust two days into being a public company, SpaceX pounced on its $60 billion takeover of AI coding startup Cursor. SpaceX investor Shaun Maguire of Sequoia says it will help SpaceX "win" on AI models
@trenttelenkoRT @ThierryBorgeat: SpaceX just bought a $60 billion company without spending a dollar. The deal for Cursor, the AI coding tool, is all st…
@edludlowRT @BloombergTV: Just two days into being a public company, SpaceX pounced on its $60 billion takeover of AI coding startup Cursor. Space…
@alaliqasemSpaceX just passed Amazon. $2.8 trillion market cap. Four days after IPO. The trigger: a $60B acquisition of Anysphere (the company behind Cursor), funded almost entirely by cash raised less than a week ago. This isn’t normal. Here’s what
@alaliqasemSpaceX jumped over 10% today after the deal hit the wires, pushing its valuation to $2.8 trillion and overtaking Amazon. It IPO’d at $1.75T five trading days ago. That’s a ~60% move in under a week, before a single earnings report. $SPCX
@alaliqasemAnd remember the float problem: only about 4.3% of SpaceX’s equity actually trades publicly right now. A $1T+ valuation swing just happened on a sliver of available stock. Wait until real supply hits the market in August. $SPCX
@reutersSpaceX shares surged 17%, pushing its valuation past Amazon and briefly above Microsoft, making it the fifth most valuable company days after its IPO debut
@cointelegraph🚨 NEW: ETF exposure to SpaceX has expanded rapidly, with the number of ETFs holding the stock jumping from 4 to 120 in just a few days, according to Bloomberg ETF analyst Eric Balchunas.
@businessThe four principals of Cursor — all in their mid-20s — join a growing list of billionaires minted by Elon Musk’s SpaceX since it went public on Friday
@reutersbizSpaceX shares surged 17%, pushing its valuation past Amazon and briefly above Microsoft, making it the fifth most valuable company days after its IPO debut
@trungtphanRT @bearlyai: Gavin Baker talks about the Cursor optionality for SpaceX. Other than Anthropic, Cursor has “more tokens of proprietary codi…
@deitaone*SPACEX BECOMES FIFTH-LARGEST STOCK IN WORLD, OVERTAKING AMAZON
@firstsquawkSPACEX BRIEFLY OVERTAKES MICROSOFT TO BECOME WORLD'S FOURTH-LARGEST COMPANY BY MARKET VALUE BEFORE SETTLING BEHIND MICROSOFT AS FIFTH-LARGEST, SURPASSING AMAZON. - SOURCES
@afpSpaceX shares surged again, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy. The company now has a market capitalization of around $2.8 trillion.
@edludlowRT @business: The four principals of Cursor — all in their mid-20s — join a growing list of billionaires minted by Elon Musk’s SpaceX since…
@yahoofinance$SPCX surged again on Tuesday, passing Amazon and briefly topping Microsoft as the rocket maker's market value approached $3 trillion.