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SpaceX stock rises as 900M insider shares are unlocked

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SpaceX stock rises as 900M insider shares are unlocked

SpaceX stock rose slightly Thursday as lockup expirations made over 900 million shares newly available to trade. Representing some $100 billion in market value, the unlocked shares have doubled the number previously available, as SpaceX employees and early investors enter the market looking to lock in gains. The company's phased, nine-stage lockup structure aims to soften potential selling waves, but adds complexity for investors who are still holding on to SpaceX shares, which now sit below the $135 IPO price and have plunged since June.

3 min read A Adam Hanafi

SpaceX shares posted modest gains on Thursday even as one of the largest insider lockup expirations in recent market history officially took effect. More than 900 million previously restricted shares became eligible for trading, dramatically increasing the...

SpaceXAI releases first Grok model developed with Cursor

Article

SpaceXAI releases first Grok model developed with Cursor

SpaceXAI has rolled out Grok 4.5, a new artificial intelligence model developed with AI coding startup Cursor targeting the finance, legal and coding industries. In a company blog post, Cursor said the latest Grok model was built to "handle difficult, long-running tasks" and touted its enhanced cybersecurity capabilities. First flagged by The Information, the launch follows SpaceX's acquisition of Cursor at $60 billion. The move is part of SpaceXAI's strategy to compete with rival models from Anthropic and OpenAI, and recruit new Wall Street clients.

1 min read A Admin

SpaceXAI has launched Grok 4.5, its latest artificial intelligence model developed in collaboration with the AI coding startup Cursor. The new model is specifically targeted at the finance, legal, and coding industries. In a company blog post, Cursor...