SpaceX

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SpaceX falls more than 6% as the record IPO rally cools

For two days, SpaceX was one of the five most valuable companies on Earth. On Thursday, the market began to reconsider. Shares in Elon Musk’s rocket-and-satellite company fell more than 6%, last trading down 6.5% at $178.50, as the frenzy that followed the largest initial public offering in history started to cool. The drop was […]

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SpaceX makes its $60bn Cursor takeover official, days after its record IPO

SpaceX has made it official. In a filing on Tuesday, Elon Musk’s newly public rocket company said it had signed a binding agreement to buy Anysphere, the startup behind the popular AI coding tool Cursor, in an all-stock deal that values the company at $60bn. It confirms an option SpaceX first disclosed in April, and […]

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SpaceX overtakes Amazon as its post-IPO rally rolls on

SpaceX is now worth more than Amazon, at least for as long as the rally holds. Shares of the rocket company rose more than 10% on Tuesday, extending a run that began at its market debut and putting it on course to become the world’s fifth most valuable listed company, four trading days after it […]

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SpaceX could hit $1tn a year by 2030, Musk claims after record IPO

Two days after taking SpaceX public in the largest stock-market debut on record, Elon Musk said the company could be earning roughly $1tn a year by 2030, and probably more in 2031. He made the claim on X over the weekend, as Reuters reported, with the stock still settling after a debut that valued the […]

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