aerospace / news / / TNW
SpaceX announced the deal on X, pre-empting a New York Times report that framed it as a completed acquisition.
SpaceX secured a call option to acquire Cursor for $60 billion by end of 2026.
KEY POINTS
- If unexercised, SpaceX pays $10 billion for shared AI development and compute access with Cursor.
- Cursor reached $2 billion annualized recurring revenue in three years, fastest B2B scaling on record.
- xAI rented tens of thousands of GPUs to Cursor before the official announcement, predating the public deal.
- Cursor was simultaneously negotiating a $2 billion funding round at $50+ billion valuation when the SpaceX deal emerged.
COMPANIES
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