ChainCatcher report: According to two sources familiar with the matter, SpaceX has agreed to acquire Cursor for more than $50 billion. Cursor is a rapidly growing AI startup focused on developing code-writing software. This acquisition comes as SpaceX prepares for what could be one of the largest IPOs in history. Founded in 2022, Cursor has raised over $3 billion in funding and gained significant attention as one of the fastest-growing AI startups. Previously, SpaceX stated that Cursor had granted SpaceX the right to acquire Cursor for $6 billion, or alternatively, SpaceX could choose to pay $1 billion for the outcomes of their collaboration.
SpaceX agrees to acquire AI startup Cursor for over $50 billion
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Summary
SpaceX has agreed to acquire the AI startup Cursor for over $50 billion, according to AI and crypto news sources. The deal follows Cursor’s $3 billion in project funding since its 2022 launch. SpaceX was previously granted a $60 billion buyout option or a $10 billion joint development agreement. The acquisition precedes what could be SpaceX’s historic IPO.
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