SpaceX's $60B Cursor Deal Targets $28.5T AI Market as SPCX Holds Near $151

On June 29, fresh analysis framed SpaceX’s pending $60 billion all-stock acquisition of Cursor as a gateway to a $28.5 trillion AI and enterprise opportunity. The deal, first announced June 16 after an April call option, has lifted SPCX nearly 40 percent since its IPO, with the stock settling near $151 after briefly exceeding $2.7 trillion in market cap. Cursor adds more than 50,000 enterprise customers and $4 billion in annualized recurring revenue, while its upcoming 1.5-trillion-parameter Composer model will run on SpaceX infrastructure. Despite the strategic expansion, SpaceX’s AI segment posted only $818 million in Q1 revenue against a $2.5 billion operating loss, underscoring ongoing profitability challenges ahead of the expected Q3 close.