San Francisco, United States, June 16, 2026 (AFP) - Surging SpaceX overtakes Amazon, buys Cursor for $60 bn

NAMPA / AFP

2026-06-16

SpaceX said Tuesday it will acquire artificial intelligence coding startup Cursor for $60 billion as shares of Elon Musk's rocket company soared for a third straight session after a record-breaking IPO. Near 1130 am (1530 GMT), shares of SpaceX, formally Space Exploration Technologies Corp., stood at $214.29, up 11.2 percent, and lifting its market value above Amazon to become the fifth largest enterprise in terms of market valuation. Cursor, fou......

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