SpaceX’s surging stock just turned its valuation into an acquisition weapon
TL;DR
SpaceX’s stock has surged nearly 50% since its $135 IPO, making its $60 billion all-stock acquisition of Cursor cheaper in terms of dilution. Bill Ackman called the dynamic a core part of SpaceX’s value, as Anthropic and OpenAI race to replicate the playbook by filing for their own IPOs.
SpaceX priced its IPO at $135 a share on 12 June. Five days later, the stock has climbed nearly 50%, pushing SpaceX past Amazon to become the fifth most valuable public company in the world at roughly $2.66 trillion.
That surge is not just making shareholders richer. It is making acquisitions cheaper.
The Cursor deal
On Monday, SpaceX confirmed it would acquire Cursor, the AI coding startup, for $60 billion in an all-stock transaction. The deal, first agreed in April, gave SpaceX 30 days after its IPO to finalise the terms.
It took three. Because SpaceX is paying entirely...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
