The Cursor acquisition was disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission
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“SpaceX has exercised the option to acquire [Cursor] in an all-stock transaction with the goal of building the world's most useful AI models,” SpaceX said in a post on X.
Key facts
In its April 2026 confidential filing with the SEC, SpaceX said that AI represents a major growth opportunity, reaching as high as $2.4 trillion for AI infrastructure and $22.7 trillion
SpaceX shares hit a new high on Tuesday after Elon Musk's company announced a $60 billion all-stock deal to acquire AI coding startup Cursor, extending a post-IPO rally that has pushed SpaceX’s stock
The deal comes days after SpaceX's historic IPO, with shares rising above $200 and reaching as high as $210 on Tuesday
Before agreeing to the acquisition, the company was reportedly raising a $2 billion funding round that would have valued it at $50 billion
Summary
SpaceX agreed to acquire AI coding startup Cursor in an all-stock deal valuing the company at $60 billion. The acquisition was disclosed in a June 16 SEC filing and is expected to close in the third quarter of 2026. Shares of SpaceX have climbed above $200 since the company's IPO last week. SpaceX shares hit a new high on Tuesday after Elon Musk's company announced a $60 billion all-stock deal to acquire AI coding startup Cursor, extending a post-IPO rally that has pushed SpaceX’s stock above $210 per share, according to MarketWatch. The Cursor acquisition was disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission.