# Composer

Type: Product

Source: Space & Defense Intelligence Brief — https://getspacebrief.com/entity/composer
Canonical HTML page: https://getspacebrief.com/entity/composer

## Timeline

- **2026-Q3**: Cursor acquisition expected close — The all-stock purchase of Cursor is slated to finalize, making it a wholly owned subsidiary of SpaceX.
- **2026-06-16**: Surge and acquisition announcement — Shares climb 10.8% to $213.35, lifting market cap to $2.8 trillion and overtaking Amazon. SpaceX formally announces the $60B acquisition of Cursor; deal expected to close in Q3 2026.
- **2026-06-10**: Record $85.7 billion IPO — SpaceX completes its initial public offering, raising the largest amount in history and giving it a public currency for acquisitions.
- **2026-04**: Cursor partnership with purchase option — SpaceX and Cursor announce a strategic partnership that includes a clause for SpaceX to potentially acquire Cursor for $60 billion.
- **2002**: SpaceX founded — Elon Musk co-founds Space Exploration Technologies Corp., originally as a rocket startup.

## Recent coverage (1 stories)

### SpaceX’s $2.8T Valuation Tops Amazon After Record $85.7B IPO
2026-06-17 00:18:27 · Sentiment: Very Bullish · Impact: 9/10 · Sources: 2

SpaceX surged 40% in three days to a $2.8 trillion market cap, surpassing Amazon and becoming the fifth-largest public company. The rally follows a historic $85.7 billion IPO and the announced $60 billion acquisition of AI coding firm Cursor, signaling a financial paradigm shift for the space industry.
Full story: https://getspacebrief.com/story/spacex-2-8t-market-cap-overtakes-amazon

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