SpaceX (SPCX) Stock Rises as SpaceXAI and Cursor Set to Drop First AI Model

TLDR

• SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, per The Information
• The model was briefly delayed earlier this week to improve its efficiency
• It is expected to compete with Anthropic’s Opus 4.8 and OpenAI’s GPT-5.5
• The launch comes ahead of SpaceX’s planned $60 billion all-stock acquisition of Anysphere, the company behind Cursor
• SpaceX (SPCX) joined the Nasdaq-100 on Tuesday, less than a month after its June 12 IPO, and is currently trading around $151

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SpaceXAI and Cursor are preparing to launch their first jointly developed AI model, with the release potentially arriving as soon as Wednesday, according to a report from The Information citing an internal memo.

⚡️JUST IN: SpaceXAI plans to launch its first model with Cursor capabilities on Wednesday.

It is the first product since SpaceX acquired the AI coding startup for $60 billion in June. pic.twitter.com/6Yov4IdJba

— Coin Bureau (@coinbureau) July 7, 2026

The companies had originally planned to release the model earlier this week but pushed back the timeline to improve its efficiency and capabilities before launch.

SPCX was trading around $151 in early Wednesday trading, up roughly 1.4%.

Space Exploration Technologies Corp., SPCX

The new model is designed to process information quickly. According to the report, it is expected to be competitive in certain areas with Anthropic’s Opus 4.8 and OpenAI’s GPT-5.5.

Neither SpaceXAI nor Cursor has officially confirmed the launch date or provided details on the model’s full capabilities. Reuters noted it could not independently verify the report. Cursor declined to comment, and SpaceXAI did not respond to a request for comment.

A Launch Before the Deal Closes

The model’s debut comes before SpaceX has even closed its acquisition of Anysphere, the startup behind Cursor. SpaceX announced the all-stock deal in June, valuing Anysphere at $60 billion.

The acquisition is expected to close in Q3 2026. For SpaceXAI, it deepens its foothold in AI coding software. For Cursor, it solves a long-standing problem: limited access to computing power.

AI coding is one of the fastest-growing segments in the industry, with high revenue potential that has attracted heavy competition from well-funded players.

The joint model is the first major product to emerge from the pairing, even before the paperwork is signed.

It is worth noting that this is unverified information based on an internal memo. Official confirmation from either company has not been provided.

SPCX Joins the Nasdaq-100

SpaceX hit another milestone on Tuesday when SPCX was added to the Nasdaq-100 index, less than a month after its June 12 stock market debut.

The inclusion came thanks to revised Nasdaq rules that allow newly listed companies to qualify for widely tracked indexes more quickly than before.

SPCX has seen sharp price swings since going public. The stock currently trades around $151, with an average 3-month price target of $218.08 from Wall Street analysts tracked by TipRanks.

Of 28 analysts covering the stock, 22 rate it a Buy, 5 a Hold, and 1 a Sell — a Strong Buy consensus overall.

The Nasdaq-100 addition means SPCX will now be included in a range of index-tracking funds, increasing its visibility among institutional investors.

SpaceX’s rapid climb from IPO to Nasdaq-100 inclusion puts it among the fastest ever to make that move under the exchange’s updated listing rules.