SpaceX IPO Raises 75 Billion at 1.77 Trillion Valuation in June 2026
SpaceX completed its initial public offering on June 11, 2026, raising 75 billion dollars at a valuation of 1.77 trillion dollars. The company then used its surging stock to acquire AI coding startup Cursor for 60 billion dollars. The IPO was one of the largest in U.S. history.
SpaceX completed its initial public offering on June 11, 2026, raising 75 billion dollars at a valuation of 1.77 trillion dollars. The listing was one of the largest IPOs in U.S. history and gave the company a market capitalization larger than most Fortune 500 companies.
Within days of the IPO, SpaceX used its newly public stock as currency to acquire Cursor, an artificial intelligence coding startup, for 60 billion dollars. The deal signaled SpaceX's intention to expand beyond aerospace into the AI software market. Cursor had built a popular AI-assisted coding tool used by software developers.
The SpaceX IPO dominated technology and financial news in June 2026. Investors had waited years for the company to go public. Elon Musk had previously said he preferred to keep SpaceX private to avoid the short-term pressures of public markets.
The listing came as the broader technology sector was experiencing a wave of major financial moves. Anthropic, the AI safety company, filed confidentially for an IPO and was reported to have reached a 30 billion dollar annualized revenue run rate. Alphabet sought an 80 billion dollar equity raise to fund its AI infrastructure buildout.
Salesforce acquired the AI customer service company Fin for 3.6 billion dollars to strengthen its Agentforce platform. Qualcomm was reported to be in talks to acquire AI chip startup Tenstorrent.
The flurry of deals reflected the intense competition among technology companies to secure AI capabilities and the capital needed to build the data centers and computing infrastructure that AI systems require.
