The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Space Exploration Technologies (NASDAQ: SPCX) stock saw another day of strong gains in Tuesday's trading, with the stock rising 4.8% in the daily session. Meanwhile, the S&P 500 fell 0.6%, and the Nasdaq Composite was off 1.2%. Notably, SpaceX stock had been up as much as 17.2% earlier in the day's trading.

Bullish momentum for SpaceX has continued following the company's initial public offering (IPO) on June 12, and news that the tech specialist has finalized a $60 billion deal to acquire artificial intelligence (AI) company Cursor has spurred positive valuation moves. In addition to general excitement surrounding the stock, recent comments from CEO Elon Musk and investment analysts have helped push the company's share price higher.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

SpaceX stock has been red hot following its IPO last week, and the company's share price moved higher today following the announcement that the company had secured its $60 billion acquisition of Cursor. While SpaceX is best known for its rocket launching and Starlink mobile and internet communication services, the company has actually positioned AI compute services as central to its long-term growth strategy.

Cursor provides coding and other AI technologies that look poised to help SpaceX increase its competitive positioning compared to Anthropic and OpenAI, and the closing of the deal seemingly represents another promising strategical step for Elon Musk's company. SpaceX has identified AI compute as its single biggest growth market, and integrating Cursor could help the company accelerate its expansion ambitions. SpaceX looks richly valued after its post-IPO rally, but it's possible that the tech company will wind up delivering sales and earnings growth that pave the way for continued valuation growth.

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $551,709!*

Apple: if you invested $1,000 when we doubled down in 2008, you’d have $56,496!*

Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $440,440!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.

See the 3 stocks »

*Stock Advisor returns as of June 9, 2026

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Why SpaceX Stock Surged Again Today was originally published by The Motley Fool