Author: CryptoPress

SpaceX has executed an option to acquire Anysphere, the parent company behind the popular AI-powered code editor Cursor, for $60 billion in Class A common stock. The deal follows just days after SpaceX made its historic Nasdaq debut, positioning Cursor as a core software layer within its vertically integrated AI roadmap. The acquisition aims to bridge the enterprise product gap for xAI and its Grok ecosystem, which has lagged behind dominant...

SpaceX (NASDAQ: SPCX) surged 19.6% on Monday, closing at $192.50 per share to extend its explosive public market debut. The company’s market capitalization has climbed to $2.52 trillion, making it the seventh-largest publicly traded company in the United States. The massive float has triggered retail and institutional frenzy, with the stock briefly touching an after-hours high of $229.85. Following its historic public market debut last...

SpaceX debuted on the Nasdaq under the ticker SPCX after pricing its record-breaking initial public offering at $135 per share to raise $75 billion. Shares opened at $150 and surged past $176 in intraday trading, driving the company’s market capitalization above $2 trillion. The historic market debut officially crowns CEO Elon Musk as the world’s first trillionaire, with a paper net worth reaching an estimated $1.1...

The Second Circuit Court of Appeals on June 12, 2026, affirmed Sam Bankman-Fried’s conviction on seven counts of fraud and conspiracy tied to FTX’s collapse. A three-judge panel found no reversible error by trial judge Lewis Kaplan and described the government’s evidence as robust, rejecting claims that the trial was unfair. Arguments that Bankman-Fried intended to repay customers or that misappropriated funds were invested...