Overview
- SpaceX agreed to acquire Cursor in a transaction that will issue $60 billion of SpaceX shares to Cursor, according to filings the company made with the U.S. Securities and Exchange Commission.
- The SEC paperwork describes a planned close in the third quarter of 2026, though other reports cite an expected year-end closing, leaving the exact timing unresolved.
- Cursor builds AI coding agents that let developers switch among models from providers such as OpenAI, Anthropic, Google and xAI, and was reported to have a roughly $29.3 billion valuation in 2026.
- The deal follows SpaceX’s recent IPO that raised more than $75 billion and a corporate consolidation that combined its rocket, satellite internet and AI businesses under one entity.
- Executives say the acquisition is meant to bolster xAI’s capabilities and model training but will require regulatory sign‑offs and integration planning while making Cursor’s founders major shareholders of SpaceX.