June 16, 2026
To infinity... and the comments
SpaceX Is Buying Cursor
SpaceX rockets past Amazon — and commenters say the price tags are pure sci-fi
TLDR: SpaceX shot past Amazon in value and is buying Cursor for $60 billion, a huge bet on artificial intelligence coding tools. Commenters are split between calling the numbers absurdly inflated and arguing the real prize is Cursor’s customer base, not just the software.
Wall Street got its latest "are you seeing this too?" moment after SpaceX surged past Amazon in market value and then casually announced it was buying Cursor, the maker of an artificial intelligence coding tool, for a jaw-dropping $60 billion. On paper, this is a huge flex: Elon Musk’s rocket company is now valued at about $2.78 trillion, even though Amazon still makes vastly more money in the real world. And that gap is exactly where the comment-section fireworks started.
The loudest reaction? This all feels wildly overpriced. One commenter bluntly said Cursor looks overvalued, "but not to the extent of SpaceX," which is basically the financial version of saying, "sure, the appetizer is expensive, but have you seen the main course?" Another piled on with the joke that if the company is called "Space"X, then maybe its valuation being spaced-out is only fitting. Ouch.
But not everyone was just there to throw tomatoes. A more strategic camp argued this isn’t just about buying a fancy coding app — it’s about buying access to customers. Cursor already has a foothold with major companies, and commenters said that kind of built-in audience can matter as much as the product itself. Others saw the deal as Musk trying to give Grok, his controversial chatbot, its own coding playground so it can keep up with rivals.
So the mood online is a delicious mix of awe, disbelief, sarcasm, and backseat empire-building: SpaceX is soaring, skeptics are screaming bubble, and the internet is having a great time watching both happen at once.
Key Points
- •SpaceX’s valuation rose to about $2.78tn after its Nasdaq listing, surpassing Amazon’s roughly $2.66tn market value.
- •SpaceX announced a $60bn stock deal to acquire Anysphere, the parent company of AI coding startup Cursor, with closing expected by the end of September.
- •SpaceX shares rose from $135 at listing to $209, an increase of more than 50% within days.
- •The article contrasts valuation with fundamentals: Amazon posted $30.3bn in Q1 2026 profit and $716.9bn in 2025 sales, while SpaceX lost $4.3bn and recorded $18.67bn in 2025 sales.
- •The acquisition is presented as part of SpaceX’s broader AI push, alongside xAI, Grok, and access to its Colossus training supercomputer infrastructure.