Australia's SCX.ai jumps on SpaceX partnership

Space Exploration Technologies

27/10/2026 03:43

** Shares of SCX.ai SCX.AX rise 8.7% to A$0.25, on track for their best day since October 5
** AI compute infrastructure firm says it has joined SpaceX Super Intelligence Partner Network
** Partnership entails initial integration of SCX's AI models and tools into Cursor, SpaceX's newly acquired AI coding business 
** This could expand to a marketplace partnership where SCX develops plugins and connections that allow Grok products to run using SCX's sovereign AI infrastructure, co says
** Shares are down 33% so far in October

(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com;))