SpaceX

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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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Crypto exchanges promised users access to the SpaceX IPO. The tokenized shares never arrived.

Crypto users who thought they had found a way into the hottest IPO in years through tokenized SpaceX stock discovered on Friday that the shares would not be arriving. Binance Wallet, Bybit, and Bitget Wallet all canceled their tokenized SpaceX offerings after xStocks, the tokenized equity provider behind all three products, failed to deliver the […]

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80 Texas residents are suing SpaceX, saying rocket launches are literally destroying their homes

Eighty residents of towns near SpaceX’s Starbase facility in South Texas have filed a class-action lawsuit alleging that the company’s constant rocket launches are physically destroying their homes. The lawsuit accuses SpaceX of negligence, gross negligence, and trespass based on the Commercial Space Launch Act of 1984. One plaintiff showed Reuters her home in Port […]

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