SpaceX Seals $60B Cursor Deal; Call Volume Hits Top-5 Record
SPCX•SpaceX agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, propelling its market cap past Amazon to become the world’s fifth-largest following its recent Nasdaq debut. On the first day of options trading, call volume ranked as the fifth-highest ever, signaling robust investor optimism.
1. SpaceX Strikes $60 Billion All-Stock Deal for Cursor
Just days after its Nasdaq debut, SpaceX agreed to buy AI coding startup Anysphere’s Cursor for $60 billion in all-stock consideration, leveraging its rich public equity to secure one of the fastest-growing enterprise AI assets. The deal follows its xAI acquisition and elevates SpaceX’s market cap past Amazon to the world’s fifth-largest, intensifying its competition with OpenAI and Anthropic.
2. Heavy Options Trading Signals Bullish Sentiment
On the first day of option trading, SpaceX saw call volume register as the fifth-highest on record, reflecting strong investor optimism about its AI expansion and recent stock rally. This heightened activity underscores market confidence in SpaceX’s strategic pivot from building to buying next-generation AI capabilities using its rapidly appreciating stock.
