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06/17 01:11

Stock surge from SpaceX $60B deal for Cursor maker

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary Stock surge from SpaceX $60B deal for Cursor maker challenges Amazon,, Microsoft valuationSpaceX (NASDAQ: SPCX) briefly shook up the rankings among the highest valued US firms today after it confirmed that it will buy Anysphere, the company behind AI code editor Cursor, for $60 billion in stock. The stock surge that the rocket maker enjoyed shot its valuation into a new stratosphere as it closed a deal for the largest acquisition of a developer tools company on record. It will also be SpaceX’s first major move since its historic Nasdaq listing. Why did SpaceX acquire Anysphere? Just four days after SpaceX (NASDAQ: SPCX) launched the biggest IPO in history, the company has completed one of the largest acquisitions of a developer tools company ever by buying Anysphere, the company that makes the AI code editor Cursor, for $60 billion in an all-stock deal. The deal, which was disclosed in an 8-K regulatory filing, changes an option SpaceX first got in April into a final agreement. At that time, SpaceX could have chosen between paying $10 billion for a partnership or buying the whole startup for $60 billion. Following the announcement of the news, SpaceX’s stock rose about 14% to about $219, pushing its total value past $2.9 trillion. This briefly made it the fourth most valuable public company in the U.S., ahead of Amazon and close behind Microsoft’s roughly $2.95 trillion valuation. Cursor is a tool that lets developers pick between different AI models to help them write computer code. It was launched in 2022 by a team of MIT graduates led by 25-year-old CEO Michael Truell. The company has grown very fast, with its annual revenue already being over $1 billion as of November last year. By early June 2026, that figure had surpassed $4 billion total, with enterprise customers accounting for about $2.6 billion. One survey cited by TechTimes found the

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