Tech stocks today: SpaceX to buy Cursor, as it surpasses Tesla's market cap
SpaceX has announced its intention to acquire AI coding service Cursor for $60 billion, following a successful public debut that saw its market capitalization exceed that of Tesla. The announcement was made on Tuesday, June 16, 2026, and comes after SpaceX's record-setting IPO, which made it the largest in history and elevated Elon Musk to the status of the world's first trillionaire. The acquisition deal, which is expected to close in the third quarter pending regulatory approvals, is an all-stock transaction that follows an option SpaceX secured in April to either partner with Cursor or acquire it outright. Cursor, founded in 2022, has rapidly scaled its business, reporting annualized revenues of approximately $2.6 billion. The acquisition is part of a broader trend in the tech industry, as investors are keenly watching SpaceX's stock performance this week, which has already seen significant gains since its IPO. Additionally, the news sets the stage for potential IPOs from leading AI startups OpenAI and Anthropic, both of which have filed for public offerings this year.
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
HERL (Human Engineering Research Lab)
United States
Joint University of Pittsburgh and US Department of Veterans Affairs laboratory conducting rehabilitation engineering research. Develops mobility devices, assistive technologies, and medical-grade products for people with disabilities.
Joanneum Research Assoc (AT)
Austria
Joanneum Research Institute for Robotics and Flexible Production conducts applied R&D in industrial robot systems, production automation and robot safety, offering feasibility analysis, consulting and testing in a robotics solution centre.
St Petersburg National Research U of ITMO
Russian leading research university (ITMO University) specializing in information technology, optical engineering, and photonics. Active research programs in AI, robotics, computer vision, and cyber-physical systems.
ProPhotonix Ltd
United States
ProPhotonix manufactures and distributes OEM LED lighting systems and laser diode modules for machine vision applications, providing custom and configurable photonic solutions for industrial inspection and imaging systems.
Troax AB (Sweden)
Troax is a Swedish manufacturer of perimeter guarding and machine guarding panels used to secure industrial robot cells and automated production areas. Its modular steel mesh enclosures provide physical safety barriers compliant with ISO and CE machinery safety standards.
Mapbox
United States
US location platform providing mapping APIs, turn-by-turn navigation SDKs, and geospatial data services for mobile, web, and automotive applications. Used by automakers including Toyota for in-vehicle navigation systems.
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