SpaceX has closed its $60bn Cursor deal, and Cursor was buying a company the day before

SpaceX confirmed completion in a regulatory filing. Bloomberg’s Carmen Arroyo and Natasha Mascarenhas reported the close.

The desk covered the binding agreement in June, when SpaceX filed an 8-K and said it expected to complete in the third quarter, subject to regulatory approval.

That approval has now happened, on the schedule the filing set out.

What Cursor says it bought into

Cursor published its own note the same day. It is two paragraphs of strategy and one sentence that matters.

“We will have access to the largest fleet of GPUs in the world, giving us the compute to build stronger models that are also more economical to run,” the company wrote.

The consequence it draws is commercial. That means more capable models at lower cost for customers.

It also dates the process earlier than the filings do. The acquisition completes something that started in April, when Cursor announced a...

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