SpaceX is having a historic week, with its shares rising more than 19% in each of its first two days on the stock market. The company has also acquired an AI company, Cursor, for $60 billion, which could help it catch up to market leaders OpenAI, Anthropic, and Google.

SpaceX’s Ambitious Plans

SpaceX combined with CEO Elon Musk’s xAI earlier this year, with the goal of launching data centers into space. The company believes that enterprise AI applications will become a $22.7 trillion market in the near future. Despite huge expenses, including $12.7 billion spent on AI last year and $7.7 billion in the first quarter of 2026, SpaceX is confident in its investment.

The acquisition of Cursor, an AI agent that can write code, is expected to add to SpaceX’s AI capabilities. Cursor is used by 64% of Fortune 500 firms, according to the company’s website. The all-stock deal will add to SpaceX’s considerable AI capital expenditures.

Original reporting: KRDO (Colorado Springs metro) — read the source article.