Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

MYSTERIOUS: 3 | Mind Blowing Facts

SpaceX overtakes Amazon to become world’s fifth most valuable company

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor

The Guardian - UK

Why Grok Could Be a Reason to Stay Away from the SpaceX IPO

Why Grok Could Be a Reason to Stay Away from the SpaceX IPO

Grok usage dipping might be a warning sign for SpaceX.

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

SpaceX Surges Past Microsoft And Becomes The Fourth Most-Valuable Company In The U.S.

SpaceX is now the fourth largest company in the U.S. by market capitalization in its third day of trading.

International Business Times

US stocks: SpaceX nears $3 trillion valuation, overtakes Amazon and Microsoft in market value

SpaceX shares surged over 14% Tuesday, briefly surpassing Amazon and challenging Microsoft with a nearly $2.9 trillion valuation. The rally, fueled by options trading and anticipation of index inclusion, saw the stock climb significantly from its IPO price. Despite remaining loss-making, investor focus remains on its space launch dominance, Starlink,…

The Economic Times

SpaceX IPO brings Starship to NYC | Space photo of the day for June 16, 2026

Elon Musk became the world's first trillionaire shortly after SpaceX debuted on the Nasdaq.

Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally

Goldman Sachs raised its S&P 500 year-end target to 8,000, citing EPS growth, broad earnings beats, and IPO activity including SpaceX's June 12 debut at $135 per share.

inkl

Read news from The Economist, FT, and more,
with one subscription

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times

US stocks: Dow hits record high as oil slides; SpaceX shares soar

US stocks: Dow hits record high as oil slides; SpaceX shares soar

The Dow Jones Industrial Average reached a new record high on Tuesday, driven by falling oil prices amid optimism for a U.S.-Iran peace deal. Meanwhile, SpaceX's market value surged past Amazon's, positioning it as the fifth most valuable U.S. company. The S&P 500 saw a slight gain, while the Nasdaq…

The Economic Times

Crude oil prices fall again, while US stocks drift near their all-time highs

Oil prices are sinking again and dipped below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high

Defiance Launches SPCU, Delivering 2X Long Exposure to SpaceX in Its First Full Week of Trading

MIAMI, June 16, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long SpaceX ETF (Cboe: SPCU). SPCU begins trading today at 4am ET and seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of SpaceX Class…

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Elon Musk Shock: Democrat Claims Trillionaire Is 'Scared' To Face Subsidy Questions

Elon Musk Shock: Democrat Claims Trillionaire Is 'Scared' To Face Subsidy Questions

Sen. Ed Markey reignites the debate over government subsidies for Elon Musk's Tesla and SpaceX, questioning their reliance on public support amid claims of independence and innovation.

International Business Times UK

Powerlaw Powers Up on SpaceX Debut. PWRL Stock Is a High-Risk, High-Reward Gamble on Giant AI IPOs.

Powerlaw Powers Up on SpaceX Debut. PWRL Stock Is a High-Risk, High-Reward Gamble on Giant AI IPOs.

Shares of the investment fund benefited from backing the Elon Musk-led company.

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - US

Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Wall Street inches slightly higher, oil prices fall again on hopes for an end to Iran war

Markets on Wall Street leaned toward modest gains before the opening bell Tuesday and oil prices fell again following the U.S. and Iran's announcement a day earlier that they had a reached a tentative deal to end their conflict

International Business Times UK

Trillionaire Claims Elon Musk's Quadrillionaire Status Is 'Not Impossible'

Elon Musk suggests becoming a quadrillionaire is possible with SpaceX's Moon and Mars factories, amid SpaceX's record IPO and discussions on future economies measured in mass and energy.

Get all your
news in one place.

100's of premium titles.
One news app.

The Conversation

Building data centers in space is an intriguing idea on paper, but major engineering challenges must be solved

Imagine if one company could become the railroad, electric utility and cloud-computing provider of the emerging space economy. That potential fueled excitement around the long-anticipated initial public offering of SpaceX. Investors are not simply betting on rockets anymore. They are betting on an entire orbital ecosystem.

SpaceX launches 3 huge BlueBird direct-to-cell satellites from Florida

A SpaceX Falcon 9 rocket launched three of AST SpaceMobile's giant BlueBird direct-to-cell satellites early Wednesday morning (June 17).

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

Bybit Launches SpaceX-Themed Token Buzz: $100K Prize Pool

DUBAI, UAE, June 16, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the latest round of Token Buzz, its trading competition series, with SpaceX perpetual contracts as the featured token. The limited-time event ends on June 30, 2026, with $100,000 in prizes to be…

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

If You Think the SpaceX IPO Was a Disappointment, You’re Ignoring All of the Numbers

SpaceX raised a record $85.7 billion in its IPO and closed its first trading day with a market value above $2.1 trillion. But the results sparked debate about whether they matched the enormous expectations.

International Business Times UK

Larry Ellison, Jack Dorsey and a Saudi Prince: The Surprise Winners of Spacex's IPO

SpaceX's IPO raised $75 billion, valuing the company at $2.2 trillion. It created nine new billionaires and 4,400 employee millionaires, highlighting unexpected stakeholders like Larry Ellison and Prince Alwaleed.

1 2 3 4 5

People

196,352 stories

Antonio Gracias

From analysis to the latest developments in health,
read the most diverse news in one place.

inkl

Organisations

US Federal Reserve

inkl

Read news from The Economist, FT, and more,
with one subscription

Topics

Artificial Intelligence

Dow Jones Industrial Average

Places

386,129 stories

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play