Tag: spacex
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SpaceX shares fall as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped more than 6 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 6.4 per cent at $179.62, after falling nearly 5 per…
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SpaceX shares tumble as post-IPO frenzy loses steam
June 18 : Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped nearly 9 per cent on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out. Its shares were last down 8.8 per cent to $174.8, after falling nearly 5 per cent…
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SpaceX overtakes Amazon to become world’s fifth most valuable firm
Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world’s fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.
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SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race
June 16 : Elon Musk’s SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.Tuesday’s deal follows a blockbuster Nasdaq debut for the rockets-to-AI company last week, in which it
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SpaceX buys coding startup Cursor for $60bn in major AI push
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.
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Investors look beyond the ‘Magnificent 7’ and embrace 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.
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