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SpaceX Cements $60 Billion Deal to Take Over AI Startup Cursor

SpaceX Cements $60 Billion Deal to Take Over AI Startup Cursor
Bloomberg Technology Tuesday 16 June 2026, 10:58 UTC By Lynn Doan 1 min read
Key Points

SpaceX Cements $60 Billion Deal to Take Over AI Startup Cursor SpaceX has formally agreed to take over Cursor in a deal that values the AI coding startup at $60 billion, cementing a key part of Elon Musk’s efforts to catch up with rivals on coding tools. Cursor investors will have the right to receive SpaceX stock based on the implied $60 billion equity value of Cursor, according to a company filing made on Tuesday. The merger is expected to close in the third quarter of 2026.

SpaceX Cements $60 Billion Deal to Take Over AI Startup Cursor SpaceX has formally agreed to take over Cursor in a deal that values the AI coding startup at $60 billion, cementing a key part of Elon Musk’s efforts to catch up with rivals on coding tools. Cursor investors will have the right to receive SpaceX stock based on the implied $60 billion equity value of Cursor, according to a company filing made on Tuesday. The merger is expected to close in the third quarter of 2026. SpaceX first revealed in April that it had secured the right to buy Cursor later this year but was holding off because of the rocket company’s initial public offering. [Image text:] ZCURSOR Free Plan Upgrade X New project
SpaceX (ORG) AI (ORG) Elon Musk’s (PERSON) Cursor (ORG)
Originally published by Bloomberg Technology Read original →

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