SpaceX agreed to acquire AI coding startup Cursor for $60 billion in an all-stock transaction, expected to close in the third quarter of 2026. The deal aims to help SpaceX's AI arm narrow the gap with rivals OpenAI and Anthropic in agentic coding and enterprise AI. Cursor has about one million daily users and 360,000 paid subscribers.
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Summary by ByteBrief
SpaceX passes Amazon as valuation balloons to $2.7T