🟢 Space Exploration Technologies Corp. is trading 8.6% up today after announcing a $60 billion acquisition of AI startup Anysphere

Space Exploration Technologies Corp. is trading 8.6% up at $209.04 following its planned $60 billion all-stock acquisition of AI startup Anysphere (Cursor).

• The deal positions the company deeper into AI-native developer tools and software, with traders pricing in significant long-term growth optionality.
• The move extends a sharp post-IPO rally for the stock, which has climbed from $160.95 on June 12.
• Investors are reacting positively to the anticipated AI synergies and the strategic deal structure.