SpaceX rally lifts Musk after $60 billion Cursor acquisition (opens in new tab)

SpaceX shares extended a volatile post-IPO run after Elon Musk’s rocket, satellite and artificial intelligence company went public on Nasdaq last week and announced a $60 billion all-stock acquisition of Cursor, the AI coding tool developed by Anysphere. Reports differed on the size of the June 12 IPO: El Financiero said it raised $75 billion, while CNA and VZ reported a record $85.7 billion including the over-allotment option. Several reports said the public debut pushed Musk’s net worth abo...