This week at SpaceX: AI bets, losses and push for control as mega IPO looms

Lucian Nemoiu

April 21 : Elon Musk's SpaceX saw a slew of developments this week as it barrels toward what could be the largest initial public offering in history. The rocket and satellite company disclosed an option to acquire AI coding startup Cursor for $60 billion, outlined plans that would entrench permanent voting control for founder Musk, and is kicking off a three-day Wall Street analyst roadshow aimed at defending a $1.75 trillion valuation. SpaceX is targeting a late-June market IPO with a $75

This week at SpaceX: AI bets, losses and push for control as mega IPO looms https://www.channelnewsasia.com/ - 22.04.2026 06:31

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This week at SpaceX: AI bets, losses and push for control as mega IPO looms https://www.channelnewsasia.com/ - 22.04.2026 06:31