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SpaceX plans to buy Cursor for $60 billion once its record IPO wraps

https://media.thenextweb.com/2026/05/spacex-cursor-acquisition-ipo-60-billion-ai-coding.avif

TL;DR

SpaceX plans to acquire AI coding startup Cursor for $60 billion roughly 30 days after its IPO, which is expected to list on Nasdaq on 12 June at a $1.75 trillion valuation. The deal includes a $10 billion breakup fee and would fold one of the fastest-growing startups in history into Elon Musk’s expanding SpaceX-xAI empire.

SpaceX expects to complete its $60 billion acquisition of AI coding startup Cursor roughly 30 days after it begins trading publicly, according to Bloomberg, a timeline that would place the deal in July if the company’s blockbuster IPO proceeds on schedule.

The rocket, satellite, and artificial intelligence conglomerate is planning to file its public IPO prospectus as soon as Wednesday and list shares on the Nasdaq on 12 June under the ticker SPCX. SpaceX is seeking to raise $75 billionat a valuation of roughly $1.75 trillion, which would make it the...

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