Space Exploration Technologies (SpaceX) pushed its post‑IPO rally higher on Tuesday, adding a 9% jump that lifted the share price to $209.57.
Stock Performance Since June Debut
The aerospace firm’s equity now trades roughly 55% above the $135 price set on its June 12 market debut, after an initial public offering that opened at $150 per share. Strong demand from institutional investors and retail traders, including participants from the crypto and blockchain community, has kept the momentum alive through successive trading sessions.
Strategic Acquisition by X67 Subsidiary
SpaceX’s X67 unit announced a partnership with AI specialist Anysphere to acquire the coding platform Cursor, assigning a $60 billion valuation to the target’s equity. The deal is slated to close in the third quarter of