Cursor · SpaceX · Elon Musk · Amazon · Microsoft · CNBC Technology
SpaceX to acquire the AI coding firm Cursor for $60 billion
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock, a hotly anticipated deal.
Key facts
- Cursor's market share had declined from 41% in June 2025 to about 26% in May, according to spending data from Ramp
- The $60 billion in class A common stack that SpaceX has agreed to pay to acquire Cursor represented a 3.4% dilution at the aerospace and tech conglomerate's IPO valuation
- In November, Cursor said it crossed $1 billion in annualized revenue, according to a release at the time
- SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock, a hotly anticipated deal
Summary
The announcement comes days after Elon Musk's rocket-maker debuted on the Nasdaq in the biggest initial public offering ever. Cursor built a popular AI coding tool that helps software developers generate, edit and re. In November, Cursor said it crossed $1 billion in annualized revenue, according to a release at the time. The $60 billion in class A common stack that SpaceX has agreed to pay to acquire Cursor represented a 3.4% dilution at the aerospace and tech conglomerate's IPO valuation.