SpaceX Acquires Cursor For $60B; MSCI May Exclude Strategy And Metaplanet

SpaceX finalizes $60B Cursor acquisition. MSCI reviews criteria that may exclude Strategy and Metaplanet. Storage stocks surge pre-market.

Woofun AI reports that SpaceX completed the acquisition of AI coding startup Cursor for $60 billion, marking a strategic move in the AI sector. MSCI is seeking feedback on new identification methods for non-operational companies, which could lead to the exclusion of Strategy and Metaplanet from the MSCI World Investable Markets Index.

Pre-market trading saw gains in storage stocks, with SanDisk rising 7.39%. Binance stated it will no longer process transactions for HTX and EXMO to comply with regulations. The U.S. SEC canceled a public meeting on crypto asset investment contracts. JPMorgan raised its rating on SanDisk to "overweight" with a $2,250 target price. Citigroup increased target prices for Nebius and Coreweave. Moonshot AI denied fraudulent financing activities.