SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk’s ambitions in artificial intelligence.

SpaceX raised $10bn (£7.5bn) more than initially thought when it sold shares to the public on Friday - bringing in a total of $85.7bn. Elon Musk's rocket company pulled off the biggest initial public offering (IPO) in history when it joined New York's Nasdaq stock exchange last week.

Elon Musk is now a trillionaire. The Tesla CEO became the world’s first trillionaire on Friday, June 12, as SpaceX opened on the Nasdaq at $150 a share and rose, with his stake in the company reaching $819 billion,

SpaceX's IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.

Elon Musk’s net worth reportedly tops $1 trillion after SpaceX’s Nasdaq debut, raising questions about valuation, AI revenue, and future IPOs.

CNBC's Leslie Picker talks about SpaceX after its IPO raised a total of $85.7 billion, as underwriters exercised the "greenshoe" overallotment.

Elon Musk thinks SpaceX (NASDAQ: SPCX) will have $1 trillion in revenue in 2031. Its revenue last year was just shy of $19 billion. According to CNBC, Goldman Sachs forecasts $470 in 2030. Morgan Stanley’s forecast is $330 billion.

SpaceX (SPCX) shares rose about 6% in premarket trading Monday after Chief Executive Elon Musk outlined an extraordinarily ambitious revenue target that would require the company to expand at a pace far beyond current Wall Street expectations.