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SpaceX plans to spend $60 billion to acquire Cursor, an artificial intelligence coding startup, in an all-stock deal announced in a regulatory filing on Tuesday, June 16, 2026. The transaction is expected to close in the third quarter of the year.
The acquisition will be completed through an all-stock transaction. SpaceX said the deal was announced in a regulatory filing and is expected to close in the third quarter of 2026.
In a post on X, SpaceX said the acquisition is designed to help build “the world’s most useful AI models.” The announcement comes soon after SpaceX’s IPO.
In a registration statement filed last month, SpaceX estimated a $28.5 trillion total addressable market, with around 93% connected to AI.
The deal follows a partnership announced in April between SpaceX and Cursor. Cursor said the collaboration would help accelerate Cursor’s model training efforts.
SpaceXAI has been jointly training a model with Cursor, which is expected to be released in Cursor and Grok Build soon.
