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SpaceX to acquire Cursor for $60B in stock: The deal was announced days after the IPO
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SpaceX passes Amazon as valuation balloons to $2.7T: SpaceX became the fifth-most valuable company in the world, after its stock price climbed 20% on June 15 and more than 8% in early trading Tuesday.
Key facts
- For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025
- The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history and turning Musk into the world’s first trillionaire
- SpaceX shares opened June 12 at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history
- Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO
Summary
SpaceX has captured the attention of media, investors, and the public for years now, interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing compared to its initial public offering. TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. SpaceX to acquire Cursor for $60B in stock: The deal was announced days after the IPO.