SpaceX to Acquire Cursor for $60 Billion in Stock Deal

SpaceX agreed to acquire AI coding startup Cursor for $60 billion in a stock deal. The company disclosed the transaction in an 8-K filing with the SEC on Tuesday morning. Cursor shareholders will receive SpaceX Class A common stock.

The deal is expected to close in the third quarter of 2026, subject to regulatory approvals and other closing conditions. SpaceX announced the acquisition just a few days after its historic IPO and less than two months after announcing a tie-up between the two companies. SpaceX merged with xAI earlier this year.

SpaceX's IPO price was $135 per share. As of Tuesday morning, SpaceX shares were trading at more than $200 per share in pre-market trading. 50.

8 trillion. The stock added nearly $1 trillion to its valuation in the span of a few days after the IPO. 7 billion.

94 billion after merging with xAI. Cursor was previously on track to close a $2 billion funding round that would have valued it at $50 billion. 3 billion in late 2025.

Cursor was founded in 2022 as Anysphere and went through OpenAI’s startup accelerator in 2024. Cursor had a price tag of around $29 billion before the SpaceX deal was announced. All 11 of xAI’s co-founders had left the company by the end of March.

7 trillion opportunity in enterprise applications. The company told investors it sees a total addressable market of around $28 trillion. SpaceX faces a number of legal challenges as a result of actions by xAI.

XAI hired two of Cursor’s senior engineering leaders earlier this year. xAI decided to rent out some of its data center capacity to Cursor. SpaceX struck similar data center capacity deals with Anthropic and Google ahead of its IPO this year.

FTSE Russell and MSCI are set to add SpaceX stock to their indexes, effective June 26 and June 29, respectively. SpaceX is set for fast-track inclusion in the Nasdaq 100. SPCX options begin trading on Tuesday.