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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...

SpaceX to acquire the AI coding startup Cursor for $60 billion

Article

SpaceX to acquire the AI coding startup Cursor for $60 billion

SpaceX announced it will acquire the AI coding startup Cursor for $60 billion in an all stock transaction. The Cursor deal could bolster SpaceX efforts to compete with rivals like Anthropic and OpenAI, which offer popular coding tools. SpaceX expects the merger to close during the third quarter of this year, according to a filing

1 min read A Admin

SpaceX has announced its plan to acquire the AI coding startup Cursor for $60 billion in an all-stock transaction. The deal is expected to strengthen SpaceX’s capabilities in the AI space and help it better compete with rivals such as Anthropic and OpenAI...