capital
SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
June 16, 2026
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.
The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
Source: techcrunch.com