VC
SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
SpaceX has agreed to acquire the AI programming platform Cursor for $60 billion in stock, just days after its own IPO valued the company at over $1 trillion. The deal, first telegraphed in April with a $10 billion breakup fee clause, is expected to close in Q3 2026. The acquisition is designed to help Elon Musk's enterprise ecosystem compete for lucrative enterprise AI customers against Anthropic and OpenAI. SpaceX's valuation subsequently ballooned to $2.6 trillion, briefly surpassing Amazon.
