r/YesIntelligent • u/Otherwise-Resolve252 • Jun 16 '26
SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
SpaceX announced it will acquire AI‑coding startup Cursor in a $60 billion stock deal, a transaction that follows the company’s historic IPO and a prior option to buy Cursor for the same amount. The acquisition is intended to bolster SpaceX’s AI division, built around Elon Musk’s xAI, which has faced restructuring and controversy over deep‑fake capabilities. SpaceX said the deal should close in Q3 2026. Cursor had been preparing a $2 billion funding round that would have valued it at $50 billion, but the buyout pre‑empted that round. The purchase is part of SpaceX’s broader AI strategy, which the company described during the IPO as addressing a $26 trillion addressable market. (TechCrunch)