Tech stocks today: SpaceX to buy Cursor, as it surpasses Tesla's market cap

SpaceX confirmed it will acquire AI coding platform Cursor’s parent, Anysphere, in a $60 billion all-stock deal, pending regulatory approval and targeted to close in Q3. The transaction builds on an option SpaceX secured in April, underscoring the company’s aggressive push into AI software. The announcement comes as SpaceX’s newly public shares continue to surge, extending gains after the record IPO and pushing its market value above Tesla’s. The article frames the move as another catalyst for bullish momentum in SpaceX shares and a signal that the AI-driven tech bull market remains strong enough to absorb major new capital events. It also highlights broader implications for future AI IPOs, including OpenAI and Anthropic.