SpaceX Mania: How Elon Musk's rocket giant became Wall Street's biggest story

SpaceX made its blockbuster Nasdaq debut, raising approximately $75 billion in the largest IPO in US history at a valuation of around $1.77 trillion. Shares surged in subsequent trading on heavy retail and institutional interest, briefly pushing its market cap above Amazon. Separately, SpaceX agreed to acquire AI coding platform Anysphere, the developer of Cursor, in an all-stock deal valued at approximately $60 billion, signaling aggressive expansion into artificial intelligence and software.