SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
TechCrunch
SpaceX has agreed to acquire AI startup Cursor in a $60 billion stock deal following the company's recent public offering.Summary
SpaceX has announced plans to acquire the AI coding startup Cursor in a $60 billion stock transaction, only days after completing its historic IPO. This strategic move is intended to bolster the capabilities of SpaceX's AI division, which incorporates Elon Musk's xAI, as it faces restructuring and public scrutiny following recent controversies. The acquisition, expected to close in the third quarter of 2026, highlights the company's ambitious focus on the AI market, which SpaceX has valued at $26 trillion.
(Source：TechCrunch)