SpaceX's market valuation surged to a peak of $2.9 trillion, briefly exceeding Amazon and nearing Microsoft, driven by investor confidence in its AI strategy and the acquisition of Cursor AI. This growth follows its recent public listing, adding $1 trillion in value, despite reporting a $4.9 billion loss last year, highlighting strong speculative interest in its future AI ventures and new compute leasing deals.

WireByte Staff · June 16, 2026

Fox Corporation is set to acquire Roku in a $22 billion deal, expanding its media empire and gaining control of Roku's 100 million households. The acquisition will make Fox the third-largest player in U.S. television, with a significant impact on the modern media landscape.

WireByte Staff · June 16, 2026

SpaceX has acquired AI coding startup Cursor for $60 billion in stock, following a deal announced in April. The acquisition is part of SpaceX's efforts to bolster its xAI division, which has faced controversy. SpaceX's valuation has ballooned to $2.7 trillion, surpassing Amazon, following a 20% stock price climb.

WireByte Staff · June 16, 2026

SpaceX, led by CEO Elon Musk, has agreed to purchase Anysphere, the operator of the coding agent Cursor AI, for $60 billion. The deal is subject to regulatory approval. The acquisition aims to enhance SpaceX's artificial intelligence capabilities. Anysphere's team will join SpaceX, but details on the integration process remain unclear.

WireByte Staff · June 16, 2026

Google is investing $1.5 billion to expand its Jackson County, Alabama data center over two years. The tech giant pledged to cover 100% of the facility's energy costs, aiming for eventual nuclear power. This expansion addresses rising demand for digital services and aims to mitigate environmental concerns associated with data centers.

WireByte Staff · June 16, 2026

SpaceX announced a $60 billion stock acquisition of AI coding startup Cursor, days after its IPO. The move aims to bolster SpaceX's AI division, which has faced restructuring and controversies. The deal, expected to close in Q3, was previously signaled in April with a significant break-up fee provision, potentially impacting SpaceX's stated AI market ambitions.

WireByte Staff · June 16, 2026

Foundation Alloy has raised $22 million in a Series A funding round led by Voyager Ventures. The startup uses a novel technique, "smashing metal powder particles together," to create superior metal alloys, differing from traditional melting methods. This innovation aims to produce materials for industries including aerospace, defense, and luxury goods, with plans to scale production.

WireByte Staff · June 16, 2026