SpaceX acquires Cursor for $60 billion in stock

SpaceX announced the acquisition of AI coding startup Cursor for $60 billion in stock, according to TechCrunch, just days after Cursor's IPO and two months after SpaceX announced a conditional deal to either buy the company or pay a $10 billion breakup fee. The deal is expected to close in the third quarter of 2026. TechCrunch reported Cursor was previously on track to close a $2 billion funding round that would have valued the startup at $50 billion.