SpaceX Soars Over 10% on News of $60 Billion Anysphere Acquisition Plan

Stock News06-16 21:50

Shares of SpaceX (SPCX.US) continued their upward trajectory on Tuesday, surging nearly 10% at the market open and pushing the company's total market capitalization close to $2.8 trillion. This move saw SpaceX surpass Amazon to enter the top five rankings of global listed companies by market value.

At the time of reporting, the stock was up more than 10%, bringing its total gain since its public listing to over 56%. The rally follows an announcement made earlier on Tuesday that SpaceX plans to acquire Anysphere in a deal valued at $60 billion.

Anysphere is the developer of Cursor, an AI-powered programming super-assistant that has gained widespread adoption globally. The acquisition is aimed at significantly strengthening SpaceX's dominant position within the enterprise artificial intelligence market.

The company currently anticipates that this large-scale merger will be finalized in the third quarter of 2026. It is understood that SpaceX intends to complete the acquisition through an all-stock transaction. The deal implies a valuation of $60 billion for Cursor.

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