SpaceX Surges to $2.93 Trillion Valuation After Merger Announcement
Shares Leap 17% on Merger News
- SpaceX’s shares reached a high of $225.64 during intraday trading, representing a 17.21% gain.
- Microsoft’s valuation dipped 1.63% to approximately $2.92 trillion.
- Amazon’s valuation remained stable at approximately $2.66 trillion.
Multi-Day Rally Gains Momentum
- SpaceX’s shares had climbed 19.6% on Monday, driven by optimism around a U.S.-Iran peace agreement.
- An additional 11.57% gain followed in after-hours trading, adding to the momentum.
- Premarket activity saw nearly 10% more gains before the opening bell accelerated the rally.
Cursor AI Deal Worth $60 Billion
- SpaceX’s merger agreement with Anysphere, executed through X67 Inc., aims to build “the world’s most useful AI models.”
- Cursor AI has been jointly training a model with SpaceX in recent months.
- Plans to release the AI across Cursor and Grok Build in the