SpaceX to Acquire Cursor for US$60 Billion

• SpaceX agreed to acquire AI coding startup Cursor in a US$60 billion all-stock transaction.

• The acquisition expands SpaceX’s AI software business and strengthens its position in enterprise AI tools.

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

June 19 2026, at 16:30 GMT+7

SpaceX announced an agreement to acquire artificial intelligence (AI) coding startup Cursor in a US$60 billion all-stock transaction, marking one of the largest deals in the AI sector to date. 

Read more: Google Signs US$30 Billion Compute Deal with SpaceX The announcement came only days after SpaceX completed its highly anticipated public market debut, making the acquisition one of the first major strategic moves following its Nasdaq listing. Founded in 2022, Cursor has rapidly emerged as one of the fastest-growing AI software companies, developing tools that help programmers generate, edit, and review code more efficiently.

Strong adoption among businesses and developers has established the company as a leading provider of AI-powered software development tools. The deal reflects SpaceX’s effort to expand beyond its traditional aerospace and infrastructure operations into higher-value software and AI services.

Elon Musk celebrates the SpaceX IPO | Source: Nasdaq Photo Cursor develops AI-powered software tools that help programmers generate, edit, and review code more efficiently, making it one of the fastest-growing companies in the software development sector. The company surpassed US$1 billion in annualized revenue in 2025 and has built a large customer base among businesses seeking to improve developer productivity. Read more: Grab to Acquire 2.44 Billion Superbank Shares through GXS Bank For SpaceX, the acquisition provides immediate exposure to one of the few AI segments already generating meaningful enterprise revenue. It also strengthens the company’s position in the increasingly competitive AI software market, where firms such as OpenAI and Anthropic have established a strong foundation in developer-focused tools. 

Meanwhile, access to xAI’s computing infrastructure is expected to support Cursor’s future growth by alleviating capacity constraints that had previously limited the development and scaling of its models.

Cursor CEO and Co-Founder Michael Truell | Source: Getty Images The acquisition aligns with SpaceX’s broader AI strategy following its merger with xAI earlier this year and reflects the company’s growing focus on software and computing businesses alongside its traditional aerospace operations. Read more: Canada Signs LNG Deal with Germany's State-Owned SEFE The all-stock structure allows SpaceX to leverage its post-IPO valuation while limiting cash outflows, with the transaction representing only about 3.4% dilution based on its listing valuation. The deal is expected to close in the third quarter of 2026 pending regulatory approval.

Market participants have generally viewed the transaction positively, supported by Cursor’s established customer base, strong revenue growth, and strategic relevance to SpaceX’s AI ambitions. Looking ahead, investor attention will likely focus on integration progress, adoption of future AI products, and SpaceX’s ability to strengthen its position against larger competitors in the AI software market.

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Sources: CNBC New York Times Reuters