SpaceX Acquires AI Startup Cursor in $60 Billion All-Stock Deal
- SpaceX has agreed to acquire AI coding startup Cursor for $60 billion in an all-stock transaction.
- The acquisition was disclosed in a June SEC filing and is expected to close by Q3 of 2026.
- Shares of SpaceX have risen above $210 following the company’s recent IPO, marking a new high.
- Anysphere, the company behind Cursor, will become a wholly owned subsidiary of SpaceX.
- Cursor is known for its AI coding platform and had been raising funds at a valuation of $50 billion before the acquisition.
The acquisition of Cursor by SpaceX signifies a strategic move into AI-powered development and infrastructure, aligning with SpaceX’s growth opportunities identified in their confidential SEC filing. The deal strengthens SpaceX’s capabilities in building advanced AI models.
The transaction follows SpaceX’s successful IPO, which saw shares rise significantly, reflecting investor confidence in the company’s expansion into AI technologies. (Source)
