SpaceX Raises $85.7B in IPO, Buys Cursor Parent for $60B

In June 2026, SpaceX went public on Nasdaq under the ticker SPCX, ultimately raising $85.7 billion. Just after the largest IPO on record, it announced a deal to acquire Anysphere, maker of the AI coding tool Cursor, for $60 billion. The listing priced 555.6 million shares at $135 each, and after underwriters exercised the greenshoe option, the total reached $85.7 billion from an initial $75 billion target. The market value reached roughly $1.77 trillion to $2 trillion, reportedly making Elon Musk the world's first trillionaire. The offering far surpassed the previous record set by Aramco at about $29.4 billion.