SPACEX PLANS TO BUY CURSOR FOR $60B AFTER IPO SpaceX expects to proceed with its acquisition of AI coding startup Cursor 30 days after it begins trading publicly, per Bloomberg. The company is expected to file for an IPO as soon as Wednesday and list shares on June 12, putting the Cursor deal on track for July. Key details: SpaceX would pay Cursor a $10B cash breakup fee if the deal fails. SpaceX is seeking to raise as much as $75B at a valuation above $2T. The deal follows SpaceX’s recent merger with xAI and would deepen its AI coding capabilities. Cursor released its latest model, Composer 2.5, on Monday, trained using xAI’s Colossus 2 data center.

SpaceX’s $SPCX expected IPO could deliver some of the biggest VC returns ever, per The Information. At a potential $1.75T valuation: > Valor Equity owns about 4% and could see gains near $65B > Founders Fund owns about 3.5% after investing over $600M and could gain more than $60B > Sequoia owns almost 1.5% after spending about $2B across SpaceX, xAI and X, with potential returns above $20B SpaceX is expected to make its IPO prospectus public as soon as Wednesday, setting up a possible mid-June listing.

SpaceX is eyeing a historic public market debut, and BlackRock is considering a $10B bet. "SpaceX needs $75 billion... that's the biggest IPO in history by at least a factor of two." "... BlackRock has at least been discussing investing as much as $10 billion in this IPO..." —@coryweinberg

SpaceX perp volume today: HL xyz: $41.6m / $27m OI Lighter: $569k / $301k (73x smaller) Aster: $138k / $104k (300x smaller) One market is eating the entire pre-ipo order flow. Hyperliquid

SpaceX has just increased pricing for most @Starlink Residential & Roam plans in the US. New pricing: Residential: • 100 Mbps: $55/month ($5 increase) • 200 Mbps: $85/month ($5 increase) • 400+ Mbps: $130/month ($10 increase) Roam: • 100 GB: $55/month ($5 increase) • 300 GB: $80/month (no change) • Unlimited: $175/month ($10 increase)

SpaceX is increasing the price of Starlink Standby Mode to $10/month (from $5/month). Standby Mode allows users to "pause" their service for a reduced fee while maintaining a, low-speed, 500 Kbps connection for essential, low-bandwidth tasks. SpaceX: "Strong demand for Starlink reflects the value customers continue to see in the service. This adjustment supports ongoing improvements and investment in affordable, high-performance products and services as global operating costs continue to rise."

SpaceX is expected to IPO next month which could force the market to start treating space economy as foundational infrastructure with durable demand from both government & commercial customers. That could lift entire public space ecosystem across launch, LEO connectivity & orbital infrastructure. Current backlog across the ecosystem: • $RKLB: ~$2.2B • $FLY: ~$1.3B • $ASTS: ~$1.2B • $LUNR: ~$1.1B • $PL: ~$900M • $RDW: ~$498M • $BKSY: ~$380M • $VOYG: ~$275M • $SPIR: ~$185M • $SATL: ~$77M