SpaceX acquires AI service Cursor for $60 billion: a new era of space technology
Elon Musk's space empire continues to expand beyond orbit. SpaceX has officially announced an agreement to acquire the artificial intelligence platform Cursor. The deal is valued at a substantial $60 billion — one of the largest M&A cases in the history of the technology sector.
The deal structure provides for payment exclusively in SpaceX Class A shares. The conversion ratio will be calculated based on the volume-weighted average closing price over the last seven trading days before finalization. This approach minimizes cash outflows and preserves liquidity for other strategic projects.
The transaction is expected to close in the third quarter of 2026 — after receiving all necessary regulatory approvals. Notably, as early as April of this year, SpaceX had an option: either to buy Cursor for $60 billion or to pay a penalty of $10 billion under an existing joint work agreement. The choice in favor of the acquisition indicates the high strategic value of the AI asset.
Analytical commentary: From my perspective, this deal marks a fundamental shift in the approach to integrating artificial intelligence into space infrastructure. The acquisition of Cursor will allow SpaceX not only to optimize management processes for the Starlink satellite constellation but also to create fundamentally new algorithms for autonomous navigation and real-time data processing. The $60 billion valuation may seem inflated, but considering the synergy with Musk's existing projects — from Tesla to xAI — this multiplier appears quite justified. The market is clearly underestimating the potential of merging space and AI technologies.