SpaceX to Acquire Cursor via Stock at a Valuation of $60 Billion, Deal Expected to Complete in Q3 2026
SpaceX has reached a final merger agreement with Anysphere, the developer of the AI coding tool Cursor. The implicit equity valuation of Cursor is approximately $60 billion, with shareholders receiving shares of SpaceX, making it a stock-only transaction without cash payment. The deal is expected to be completed in the third quarter of 2026, pending regulatory approval. Cursor is an AI-powered coding product that has rapidly grown based on large models.
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