SpaceX is officially buying Cursor for $60 billion

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.

Days after its massive IPO , SpaceX says it is spending $60 billion to buy Cursor - a bet designed to help Elon Musk's sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI. The takeover was not entirely unexpected: SpaceX announced a peculiar arrangement in April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had been holding off completing the deal while going public. In an SEC filing , SpaceX said it expects the deal to close during the third quarter of 2026. Musk has pr … Read the full story at The Verge.