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SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO

TechCrunch AI Sean O'Kane June 16, 2026
SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
AI Summary— plain English for professionals

# SpaceX Buys AI Startup Cursor for $60 Billion SpaceX is spending $60 billion in company stock to buy Cursor, an AI software company, just days after Cursor's investors made money through a public offering. SpaceX is making this move because its own AI division isn't performing well, and the company believes AI tools could eventually become a massive business worth trillions of dollars.

The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.

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