SpaceX (SPCX) Jumps 4% as $60 Billion Cursor Deal Approaches Close

Shares of SpaceX (NASDAQ: SPCX) rose 4.23% on August 10, 2026, closing at $138.74 on volume of approximately 166 million shares, as two catalysts converged: reports that the company's $60 billion acquisition of AI coding startup Cursor could close as soon as mid-August, and the onset of initial post-IPO lockup expirations that began August 6.

The Cursor acquisition

CNBC reported that SpaceX could complete its $60 billion acquisition of Cursor, the AI coding assistant used by millions of software developers, as soon as the end of the week of August 10. At that price, the deal would rank among the largest technology acquisitions on record. Cursor would give SpaceX's AI division a widely-deployed developer tool to integrate with its growing infrastructure business. The strategic rationale is consistent with SpaceX's post-IPO capital allocation: the company directed $15.83 billion of its Q2 2026 capital expenditures toward AI infrastructure, a more than sixfold increase from the year-earlier period.

Lockup expiry dynamics

The first tranche of post-IPO lockup restrictions began expiring on August 6, 2026, roughly 55 days after SpaceX's June 12 Nasdaq listing. Lockup expirations increase the supply of shares that insiders and pre-IPO investors are permitted to sell, which can weigh on a stock's price. SpaceX shares slipped in the sessions immediately following Q2 earnings before recovering today. August 10's gain suggests that incoming demand is, for now, absorbing the additional supply as lockup restrictions lift.

Q2 earnings context

SpaceX reported Q2 2026 revenue of $7.81 billion on August 4, topping analyst expectations of $6.93 billion. The loss per share of $0.09 was considerably better than the $0.26 consensus estimate. However, capital expenditures of $18.37 billion drove a post-earnings decline. Today's recovery puts SPCX roughly flat over the trailing month, down 0.29% on that basis.

What to watch

• Cursor deal announcement: An official confirmation of the acquisition price, close date, and integration plan would be the next major near-term catalyst for SPCX.
• Remaining lockup tranches: Additional lockup expirations, typically running 90 to 180 days post-IPO, will affect insider selling pressure in coming weeks.
• Q3 revenue progression: Investors will look for signs that the AI infrastructure investment is producing incremental revenue by the next quarterly report.

Background on SpaceX's IPO, current SPCX price, and how to buy shares: StartupHub.ai SpaceX stock hub. See also: IPO Watch index.

Not investment advice.