SpaceX agrees to acquire Cursor in $60B stock deal

TechCrunch reported that SpaceX agreed to acquire AI coding startup Cursor in a $60B stock deal, shortly after SpaceX's IPO and after a prior tie-up between the companies. The deal is intended to help SpaceX's AI division, built around xAI after an earlier merger, catch up with major AI labs. Cursor had reportedly been on track for a $2B funding round at a $50B valuation before the acquisition agreement.

Key details: Published June 16, 2026 at 4:21 AM PDT, The reported transaction is a $60B all-stock deal, SpaceX said the acquisition is likely to close in Q3 2026, Cursor had reportedly been pursuing a $2B round at a $50B valuation.

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