Cursor

SpaceX formalized a $60 billion all-stock acquisition of Anysphere, the startup behind the AI coding tool Cursor, in what it says is the biggest startup M&A deal of 2026 and one of the largest venture-backed exits in recent years. The deal gives SpaceX a foothold in enterprise software development as Cursor had crossed $1 billion in annualized revenue and Anysphere had raised $3.4 billion, while SpaceX shares rose about 16% after the announcement.

SpaceX says it is buying the programming platform Cursor for $60 billion, with the deal expected to close in Q3 2026 after the company’s IPO. The acquisition is meant to help Elon Musk’s rocket/AI/social media empire win enterprise customers and catch up with rivals like Anthropic and OpenAI, following an April agreement that also included a $10 billion breakup fee.

SpaceX is reportedly acquiring Cursor for $60 billion in stock, just days after Cursor’s blockbuster IPO. The deal is meant to bolster SpaceX’s struggling AI division, which told IPO investors it sees a $26 trillion addressable AI market.

Twenty-nine companies joined The Crunchbase Unicorn Board in May, led by OpenAI Deployment Company’s $4 billion round at a $14 billion valuation and Anthropic Applied AI JV’s $1.5 billion raise, alongside AI infrastructure and robotics names like Exa, Blitzy and OpenRouter. The month underscored investor focus on applied AI rather than frontier models, while Anthropic and OpenAI filed confidentially for IPOs and SpaceX’s expected listing would remove more than one-tenth of the board’s value.

Ryan Mac discusses the SpaceX IPO filing, which pegs the company at nearly $2 trillion and reveals new details about X, the platform Musk bought in 2022, even as its major metrics are shrinking. The piece argues that Musk’s growing wealth and control are being enabled by relaxed governance and market rules, making the IPO a test case for how much accountability Wall Street will tolerate.

Google is redesigning its 25-year-old Search box into a multimodal, AI-driven input that accepts text, images, PDFs, videos, and Chrome tabs, while also merging AI Overviews and AI Mode into one continuous search flow rolling out now on mobile and desktop. It matters because the new interface shifts Search from keyword entry to open-ended conversation, signaling how Google wants users to interact with the product that drives most of Alphabet’s revenue.

Blitzy, an autonomous software development startup, raised $200 million in a round led by Northzone at a $1.4 billion valuation, bringing its total funding to more than $204.4 million. The Cambridge, Mass.-based company says its platform autonomously completes months of enterprise software development and has been adopted by dozens of Global 2000 companies across 10 industries, with claims of 5x engineering velocity.