Elon Musk, the man who builds rockets that land themselves, just admitted his rocket company has a blind spot. SpaceX, he says, is behind the curve on artificial intelligence compared to players like OpenAI, Anthropic, and Google.
The fix? Throw approximately $86 billion at the problem. That’s the haul from SpaceX’s June 2026 IPO, the largest initial public offering in recorded history, and Musk apparently has no intention of letting it sit idle.
The biggest IPO ever, and where the money is going
Raising approximately $86 billion in a single offering puts SpaceX in a category by itself. For context, Saudi Aramco’s 2019 IPO raised around $25.6 billion. SpaceX more than tripled that figure.
But rather than funneling the entire war chest into Starship iterations or Starlink satellites, Musk is redirecting a massive chunk toward AI. The centerpiece move: SpaceX agreed on June 16, 2026, to acquire Anysphere, the parent company behind the AI coding agent Cursor, in a $60 billion all-stock transaction.
