SpaceX (SPCX) four months after its IPO: $86 billion raised, Cursor bought with stock, and who held it in June

Space Exploration Technologies completed its IPO on June 15, 2026, selling 638,888,888 class A shares at $135.00 each, including the underwriters’ full option — about $86.3 billion by our math. The offering also ran in Australia, Canada, Europe, Japan, Switzerland and the United Kingdom. The stock’s highest close so far was $211.39 on June 16; it fell to $108.27 on August 5, below the IPO price, and closed at $162.57 on October 9, 20% above it. At that price the company was valued at about $2.1 trillion.

Space, Connectivity and AI

SpaceX reports three segments. In the second quarter of 2026, revenue was $7.8 billion, up 92% from $4.1 billion, and the net loss narrowed to $541 million from $1.0 billion. Connectivity — Starlink — earned $1.66 billion from operations, with revenue up 66% and subscribers doubling, according to the company. The Space segment lost $542 million from operations and the AI segment $1.26 billion, and AI capital spending alone was $15.8 billion in the quarter, out of $18.4 billion in total. The company ended June with $100 billion of cash and marketable securities and a $47.5 billion backlog.

Cursor, paid in shares, and $25 billion of bonds

On June 16, the day after the IPO closed, SpaceX agreed to acquire Anysphere, the maker of the Cursor coding tool, which the company described as a $60 billion deal. It closed on August 14, 2026, with Cursor’s shareholders receiving 389,289,254 SpaceX shares. On June 23, SpaceX priced $25.0 billion of senior notes in five tranches, from $7.0 billion due 2031 at 5.35% to $3.5 billion due 2056 at 6.65%, to repay its bridge loan in full. Roelof Botha joined the board as an independent director and audit committee member.

Who held it at the end of June

Twelve of the 38 managers held SpaceX on June 30, two weeks after the IPO, with 224 million shares worth $38.3 billion. Daniel Sundheim’s D1 alone held 126 million shares, $21.5 billion, and Baillie Gifford 51 million. Because this is the first 13F since the listing, every position appears as new, but a 13F does not say whether the shares were owned before the IPO, allocated in the offering or bought on the market afterwards — so “held,” not “bought.” At the October 9 price, the positions were worth 4.9% less than on June 30.

Insiders: the first open-market sales in this site’s data are by president and chief operating officer Gwynne Shotwell, $52.6 million on September 22, 2026, under a 10b5-1 trading plan; no insider bought. Daily data is on the SpaceX page. Not investment advice.