SpaceX Shares Hit New High as Elon Musk’s Firm Agrees to Acquire AI Startup Cursor for $60 Billion

In brief

• SpaceX agreed to acquire AI coding startup Cursor in an all-stock deal valuing the company at $60 billion.
• The acquisition was disclosed in a June 16 SEC filing and is expected to close in the third quarter of 2026.
• Shares of SpaceX have climbed above $200 since the company’s IPO last…