SpaceX Buys Cursor for $60 Billion in All-Stock Deal While Reporting $4.3 Billion Quarterly Loss

SpaceX purchased Cursor in an all-stock deal valued at $60 billion. The acquisition closed on the company's second full day of public trading. SpaceX announced in April that Cursor had granted it the right to acquire the company.

Cursor is used by 64 percent of Fortune 500 companies and competes with Anthropic’s Claude Code and OpenAI’s Codex. SpaceX began public trading on June 14, 2026. Shares rose more than 19 percent on each of the first two trading days and rose an additional 5 percent in premarket trading on June 16.

6 trillion. That valuation placed SpaceX fifth among the most valuable publicly traded companies, behind Microsoft and ahead of Amazon. Retail investors purchased SpaceX shares in volumes nearly equal to the combined volume of all other stocks on June 15, according to Vanda Research.

SpaceX accounted for nearly three-quarters of all single-stock purchases by retail investors that day. SpaceX combined with xAI earlier in 2026. 7 billion in the first three months of 2026.

3 billion in the first quarter of 2026. 7 trillion market. The Trump administration blocked foreign nationals’ access to Anthropic’s Mythos tool.

Cursor’s acquisition adds to SpaceX’s AI capabilities as it seeks to compete in the enterprise segment.