EL7.AI
StocksHigh ImpactUpdated×3•Originally published 16 June 2026•Updated 17 June 2026•
1 min read

SpaceX Shares Extend Gains on Reported $60 Billion Acquisition of Cursor

Trophy with SpaceX and Amazon logos surrounded by IPO documents and investor reports on a vibrant orange background.

Key Facts

1Elon Musk's SpaceX shares soared more than 14% on Tuesday.
2SpaceX's market value surpassed Amazon and briefly rivaled Microsoft just days after its debut.

In a move reflecting the massive expansionary ambitions of Elon Musk's firm post-listing, SpaceX is reportedly planning to acquire Cursor in a landmark deal valued at $60 billion. According to reports, the aerospace giant officially surpassed Amazon's market capitalization on its third day of public trading, cementing its status as a new powerhouse in the U.S. equity markets.

This potential acquisition comes as SpaceX seeks to solidify its technological dominance, placing the proposed deal among the largest in the tech sector's history. Compared to peers, Microsoft (MSFT) traded at $393.71 and Amazon (AMZN) at $249.24 per market data on June 16, 2026, while Meta stood at $597.71, highlighting a significant rotation of capital toward SpaceX's aggressive growth narrative.

Investors are closely monitoring price levels for SPCX, which stood at $192.50 (at close June 15, 2026), to gauge market reaction to the acquisition details. Looking ahead, the focus remains on the U.S. Producer Price Index (PPI) and Initial Jobless Claims due on June 11, which serve as critical catalysts for risk appetite in the high-growth tech sector.