SpaceX acquires Cursor: $60 billion deal reshapes the AI and space market
The high-tech market was shaken by news of a strategic acquisition: Elon Musk's company SpaceX has officially finalized an agreement to purchase the developer of the AI service Cursor. The startup's valuation reached an astronomical $60 billion, placing this deal among the largest in the history of the venture market.
The mechanics of the acquisition involve payment exclusively in SpaceX's own Class A shares. The conversion ratio will be calculated based on the volume-weighted average closing price over the seven trading sessions preceding the deal's closing date. This approach, in my view, demonstrates SpaceX's confidence in its own capitalization and a desire to preserve cash reserves for other projects.
Key timelines and conditions
The deal closing is tentatively scheduled for the third quarter of 2026. This timeframe includes all necessary regulatory approval procedures — both from U.S. antitrust authorities and, likely, foreign jurisdictions, given the global nature of both companies' businesses.
Notably, back in April, SpaceX received an option: either acquire Cursor for $60 billion or pay $10 billion under a partnership agreement. The choice in favor of a full acquisition indicates deep integration of AI technologies into SpaceX's roadmap — from flight automation to managing the Starlink satellite constellation.
Expert commentary: This acquisition is not just a financial investment, but a bid for technological sovereignty. Cursor, known for its advanced AI solutions, could become the computational core for a new generation of spacecraft. In the long term, this could give SpaceX a colossal competitive advantage in the race to explore Mars and commercialize low Earth orbit.