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How SpaceX preempted a $2B fundraise with a $60B buyout offer

TechCrunch AI Marina Temkin April 22, 2026
How SpaceX preempted a $2B fundraise with a $60B buyout offer
AI Summary— plain English for professionals

# SpaceX Just Made a Shocking $60 Billion Offer to Buy an AI Company An AI startup called Cursor was about to raise $2 billion from investors when SpaceX swooped in with a much bigger offer: $10 billion upfront plus a path to buying the entire company for $60 billion. The startup decided the SpaceX deal was too good to pass up and stopped its original fundraising. This shows how aggressive big tech companies are becoming to snag promising AI talent and technology before competitors do.

Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.

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