Sequoia’s Shaun Maguire discusses SpaceX IPO and plans for orbital data centers

The surge in SpaceX ETF trading highlights a shift in investor strategies, emphasizing the growing appeal of leveraged financial products. The post SpaceX ETFs see over $3B traded as $SPCH smashes volume records on day two appeared first on Crypto Briefing.

The acquisition could help SpaceX expand its developer offerings and will give it access to Cursor’s developer workflow and user analytics.

Coinbase has launched 1:1-backed tokenized shares of SpaceX, Nvidia, Google, Strategy, and Bitmine, entering the market days after rival exchanges abandoned SpaceX-related token offerings. According to Coinbase, the new product allows users to buy, hold, trade, and redeem tokenized equity…

Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant.

The acquisition of Cursor gives SpaceX a foothold into the enterprise software development market, where AI-assisted coding has taken off and led large companies to significantly pare back their reliance on human engineers.

The all-stock deal would make Cursor a wholly owned SpaceX subsidiary and deepen the company's push into AI following its blockbuster IPO.

Separately, neither could compete. Now they hope they can.

SpaceX has climbed to a market value of nearly $2.93 trillion after its shares jumped more than 17%, briefly pushing Elon Musk’s aerospace company ahead of both Amazon and Microsoft in the global corporate rankings. According to data from Yahoo…