SPCX - Space Exploration Technologies Corp.
MIAMI, June 16, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long SpaceX ETF (Cboe: SPCU). SPCU begins trading today at 4am ET and seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of SpaceX Class A common stock (NASDAQ: SPCX).
SpaceX ( NASDAQ:SPCX ) spent more than two decades transforming itself from an ambitious rocket startup into one of the world's most important technology companies.
SpaceX announced it will acquire the AI coding startup Cursor for $60 billion. The Cursor deal will help to bolster the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.
SpaceX's after-hours high last night at $229.85 briefly pushed its market value above $3 trillion, leapfrogging two of the largest companies in the world.
SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk's ambitions in artificial intelligence.
SpaceX is pushing the frontiers of space exploration and development, which could pay off in the long term. SpaceX's stock will be volatile because innovation involves failures as well as successes.
Space Exploration Technologies Corp. (NASDAQ: SPCX), better known as SpaceX, has announced its first acquisition as a public company.
Mike Schroepfer, former CTO of Meta and founding partner of Gigascale Capital - a venture firm making early-stage bets on companies focused on climate impact - says SpaceX is the only company capable of building orbital data centers. He also shares how ocean data centers are 100x cheaper than orbital ones.
Here are five key things investors need to know to start the trading day.
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SpaceX (SPCX) IPO raised $75B at a $1.75T valuation, now repriced to ~$2.1T, marking an unprecedented market event. SPCX is now a conglomerate: launch, broadband (Starlink), and a high-burn AI segment, with AI prioritized in capital allocation. Starlink and SpaceX's launch businesses are highly profitable and defensible, but AI investments are diluting the pure space/broadband moat.
One hot AI trade that is starting to wind down is the “bottleneck trade,” says Altreides Management managing partner Gavin Baker
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Ding, dong and morning, folks Wall Street looks set to catch its breath on Tuesday after a record-setting run, as the giddy reaction to peace with Iran gives way to harder questions about oil and the Federal Reserve. Dow futures ticked up 0.1% after Monday's all-time closing high, with the S&P 500 flat and the Nasdaq 100 up 0.2%.
Will speculators approach SpaceX with the same vigor they've had for the major AI players of the past year?
SpaceX (SPCX) has formally agreed to acquire artificial intelligence coding startup Cursor in a transaction that values the company at $60 billion. The acquisition advances Elon Musk's efforts to strengthen his position in one of the fastest-growing segments of the AI industry.
This is a developing story.
SpaceX's IPO likely paid the highest underwriting fees on record. The hot IPO has returned, with OpenAI and Anthropic filing for later this year.
Jim Cramer has praised Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, after it surpassed the $200 mark for the first time since its mega initial public offering (IPO)