Business commentators wrote that SpaceX’s Nasdaq debut and its subsequent market cap surge to near $3 trillion has fundamentally disrupted conventional thinking about how to value technology companies.
Tag: Spacex
SpaceX Acquires AI Coding Tool Cursor for $60 Billion to Compete with Anthropic and OpenAI
SpaceX confirmed its landmark acquisition of AI coding assistant Cursor for $60 billion aiming to revitalise the company’s AI coding efforts and compete with Claude Codex and other rivals.
Cursor CEO Michael Truell Says SpaceX Partnership Will Help Scale AI Coding Model Called Composer
Cursor’s CEO expressed excitement about the SpaceX partnership calling it a meaningful step on the path to building the best AI-assisted coding environment through their Composer model.
Google Paying SpaceX $920 Million Per Month for GPU Compute Access at Colossus Data Centre Until 2029
Google signed a compute supply agreement paying SpaceX approximately $920 million per month for access to approximately 110000 NVIDIA GPUs at a SpaceX data centre through June 2029.
SpaceX Launches NRO Intelligence Gathering Satellites on Falcon 9 from Vandenberg on June 18
A SpaceX Falcon 9 rocket successfully launched a classified payload of Starshield intelligence-gathering satellites for the National Reconnaissance Office from Vandenberg Space Force Base.
AI Coding Market Share Cursor Drops from 41 Percent to 26 Percent in One Year Before SpaceX Deal
Data from corporate spending analytics firm Ramp showed Cursor’s share of the AI coding tool market declined from 41 percent in June 2025 to approximately 26 percent in May 2026.
SpaceX CRS-34 Dragon Returns from ISS with One of Most Research-Packed Cargo Loads Ever Carried
NASA’s SpaceX CRS-34 Dragon spacecraft splashed down carrying one of the largest and most scientifically diverse cargo loads of research from the International Space Station.
Global AI Compute Race Heats Up as Google and Anthropic Compete for SpaceX GPU Capacity
The announcement of two massive compute deals between SpaceX and Anthropic and then SpaceX and Google signalled an intensifying global race for AI computing infrastructure.
SpaceX Revenue Could Hit $1 Trillion by 2030 but Analysts Debate Feasibility of Bold Forecast
Wall Street analysts were divided over Elon Musk’s $1 trillion revenue prediction for SpaceX by 2030 given that the company posted a $4.28 billion net loss in the first quarter of 2026.
SpaceX Becomes Fourth Most Valuable U.S. Company Surpassing Amazon and Microsoft in Market Cap
After climbing 35 percent since its Nasdaq IPO on June 12 SpaceX’s market cap touched $2.94 trillion briefly surpassing Microsoft to become the fourth most valuable U.S. firm.