Business

SpaceX Acquires AI Coding Startup

Updated 2026-06-16 19:10 UTC 1 source Neutral

SpaceX is acquiring the AI coding startup Cursor for $60 billion, aiming to compete with rivals like Anthropic and OpenAI. Veteran traders are also betting heavily on SpaceX's stock, seeing potential for significant gains.

Coverage timeline — 2 articles

CNBC

SpaceX to acquire the AI coding startup Cursor for $60 billion

The deal will help to bolster the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.

2026-06-16 14:51 UTC

CNBC

Veteran traders stunned as SpaceX fans bet on 80% overnight gains: 'I've never seen anything like it'

Believers in Elon Musk's astronomic vision for SpaceX are storming options.

2026-06-16 16:34 UTC