How SpaceX preempted a $2B fundraise with a $60B buyout offer

image via TechCrunch

April 22, 2026, 7:51 PM

• •SpaceX is considering acquiring Cursor for $60 billion or collaborating with a $10 billion payment.
• •Cursor was simultaneously negotiating an acquisition by SpaceX and a private funding round.
• •SpaceX aims to strengthen its AI capabilities to compete with Anthropic and OpenAI.
• •The acquisition is delayed until after SpaceX's IPO to avoid financial filing updates.
• •The deal could benefit both companies due to competition and funding needs.
• •SpaceX could use its data centers for Cursor's computing needs.

SpaceX is considering acquiring Cursor, an AI-powered coding software company, for $60 billion, potentially shifting its focus towards AI. Before the deal, Cursor was on track to secure a $2 billion funding round at a $50 billion valuation. The deal gives SpaceX a better chance to compete in the lucrative AI coding market. If the acquisition does not go through, Cursor will receive a $10 billion collaboration payment from SpaceX, while also gaining access to SpaceX's computing capacity.

Read original article