Sources: Cursor hit $2.7B in annualized sales in March, up ~14x from a year ago, and reported a nearly $900M loss in its past fiscal year on ~$770M in revenue
Weeks before Cursor agreed to a $60 billion potential takeover from SpaceX, the hot AI coding startup set out to raise billions of dollars.
S-1 excerpts: SpaceX says its total addressable market could be as much as $28.5T, with $26.5T from the AI sector, most of it from AI for businesses
Over the last quarter century, Elon Musk revived space travel, turning cosmic exploration into thriving businesses.
Draft IPO prospectus: SpaceX debt grew from $14B in 2024 to $23B in 2025, tied to a $4.5B lease deal with Valor Equity for AI equipment such as chips for xAI
Draft IPO prospectus: SpaceX debt grew from $14B in 2024 to $23B in 2025, tied to a $4.5B lease deal with Valor Equity for AI equipment such as chips for xAI
SpaceX increased its debt load by nearly two-thirds last year, to about $23 billion at the end of 2025 from $14 billion the year prior.
Draft of SpaceX's confidential IPO prospectus: Elon Musk increased his stake in SpaceX last year by purchasing $1.4B of stock from current and former employees
Sources: SpaceX told employees that it has moved up the scheduled vesting date, for when shares awarded to employees become eligible for sale, from May to April
SpaceX has moved up a scheduled vesting date for shares awarded to employees to as soon as next week, according to people familiar with the matter …
Analysis and filings: Google owns a ~5% SpaceX stake, down from 6.11% at 2025's end; if SpaceX hits a $2T IPO valuation, Google's stake would be worth $100B
An early investment in SpaceX has positioned Alphabet Inc. for a 12-figure windfall, a new filing shows, underscoring the vast wealth likely …
Sources: SpaceX lost just under $5B in 2025 while generating more than $18.5B in revenue; the financial figures include xAI, which SpaceX acquired in February
SpaceX lost just under $5 billion last year while generating more than $18.5 billion in revenue, two people familiar with the figures said.
Sources: SpaceX plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June after the IPO roadshow launch
Sources: SpaceX is floating a $2T+ valuation to prospective investors in its IPO; SpaceX's acquisition of xAI reportedly valued the combined company at $1.25T
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world's …