Since the IPO, SpaceX shares have climbed more than 56% from the $135 offer price, briefly pushing SpaceX past Amazon to become the world's fifth most valuable...

SpaceX exercised its option to buy Cursor for $60 billion in all stock, the largest startup acquisition ever, arming xAI and Grok against rivals Anthropic and OpenAI.

SpaceX and Cursor had agreed to a deal earlier this year that gave the rocket company an option to buy the AI firm.