{"id":728466,"date":"2026-05-20T09:25:12","date_gmt":"2026-05-20T06:25:12","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo\/"},"modified":"2026-05-20T09:25:12","modified_gmt":"2026-05-20T06:25:12","slug":"spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo\/","title":{"rendered":"SpaceX to acquire AI coding startup Cursor for $60B after IPO"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2645c591c35\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2645c591c35\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo\/#TLDR\" >TL;DR<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo\/#From_startup_to_60_billion_target_in_three_years\" >From startup to $60 billion target in three years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/spacex-to-acquire-ai-coding-startup-cursor-for-60b-after-ipo\/#The_SpaceX-xAI_empire\" >The SpaceX-xAI empire<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n<p><em><\/p>\n<div class=\"postContent-tldr\">\n<h4 class=\"postContent-offsetTitle\"><span class=\"ez-toc-section\" id=\"TLDR\"><\/span>TL;DR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>SpaceX plans to acquire AI coding startup Cursor for $60 billion roughly 30 days after its IPO, which is expected to list on Nasdaq on 12 June at a $1.75 trillion valuation. The deal includes a $10 billion breakup fee and would fold one of the fastest-growing startups in history into Elon Musk\u2019s expanding SpaceX-xAI empire.<\/p>\n<\/div>\n<p><\/em><\/p>\n<p>SpaceX expects to complete its\u00a0$60 billion acquisition of AI coding startup Cursor\u00a0roughly 30 days after it begins trading publicly, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-19\/spacex-is-said-to-plan-to-buy-startup-cursor-30-days-after-ipo\" target=\"_blank\" rel=\"nofollow noopener\">according to Bloomberg<\/a>, a timeline that would place the deal in July if the company\u2019s blockbuster IPO proceeds on schedule.<\/p>\n<p>The rocket, satellite, and artificial intelligence conglomerate is planning to file its public IPO prospectus as soon as Wednesday and list shares on the Nasdaq on 12 June under the ticker SPCX. SpaceX is\u00a0seeking to raise $75 billion\u00a0at a valuation of roughly $1.75 trillion, which would make it the largest stock-market debut in history, eclipsing Saudi Aramco\u2019s $29.4 billion offering in 2019.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/SpaceX\/status\/2046713419978453374?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2046713419978453374%7Ctwgr%5E34612f0d65c5623728d39f8ea180ed4f0653e411%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2026-05-19%2Fspacex-is-said-to-plan-to-buy-startup-cursor-30-days-after-ipo\" target=\"_blank\" rel=\"nofollow noopener\">SpaceX disclosed in April<\/a> that it had secured an agreement giving it the right to acquire Cursor for $60 billion. If the deal falls apart, SpaceX would instead pay a $10 billion breakup fee in cash for the companies\u2019 joint work. The announcement, made on X, said the two firms were \u201cnow working closely together to create the world\u2019s best coding and knowledge work AI.\u201d<\/p>\n<p>The company did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely acquire Cursor at the time because of the imminent IPO process. The deal still requires regulatory review, and neither Cursor nor SpaceX responded to requests for comment from Bloomberg.<\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The \ud83d\udc9c of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"From_startup_to_60_billion_target_in_three_years\"><\/span>From startup to $60 billion target in three years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cursor, which launched its AI coding assistant in 2023, has become\u00a0one of the fastest-growing startups of all time. The tool helps programmers write, debug, and ship code using AI, and has accumulated more than one million paying customers. Its annualised revenue hit $500 million in May 2025 and doubled to $1 billion by October of that year. Earlier this year, Cursor was in talks to raise $2 billion at a valuation of roughly $50 billion, with Andreessen Horowitz, Thrive Capital, and Nvidia among the investors.<\/p>\n<p>Cursor has also become a central player in the\u00a0\u201cvibe coding\u201d movement, a workflow in which developers provide high-level intent and AI agents handle much of the execution. The company released Composer 2.5 on Monday, its latest agentic coding model. According to Cursor\u2019s blog, Composer 2.5 was built on Moonshot AI\u2019s open-source Kimi K2.5 checkpoint and refined through more difficult reinforcement-learning environments and 25 times more synthetic tasks than its predecessor. Separately, Cursor has announced plans to train a larger model from scratch using xAI\u2019s Colossus 2 supercomputer, though no release date has been set for that effort.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_SpaceX-xAI_empire\"><\/span>The SpaceX-xAI empire<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The planned Cursor acquisition would further expand an already sprawling Musk empire. SpaceX completed its merger with xAI, Musk\u2019s artificial intelligence company and the parent of social media platform X, in February 2026 in an all-stock transaction that\u00a0valued the combined entity at $1.25 trillion. That deal, the largest merger in corporate history, folded xAI\u2019s Grok chatbot, its Colossus data-centre infrastructure, and the former Twitter platform into SpaceX\u2019s operations.<\/p>\n<p>For xAI, bringing Cursor into the fold represents an effort to close the gap with rivals in the AI coding tools market. GitHub Copilot, backed by Microsoft and OpenAI, holds roughly 37% market share with 4.7 million paid subscribers, while Anthropic\u2019s Claude Code has emerged as a fast-growing competitor. Acquiring Cursor, which counts 67% of the Fortune 500 among its users, would give SpaceX an immediate foothold in the enterprise developer tools space.<\/p>\n<p>Whether the deal closes on time, however, depends on two things: a successful IPO and regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval. With a $10 billion cash penalty on the line if it falls through, both sides have substantial incentive to see it to completion.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" target=\"_blank\" >Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/spacex-plans-to-buy-cursor-for-60-billion-once-its-record-ipo-wraps\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SpaceX plans to acquire AI coding startup Cursor for $60 billion roughly 30 days after its IPO, which is expected to list on Nasdaq on 12 June at a $1.75 trillion valuation. The deal includes a $10 billion breakup fee and would fold one of the fastest-growing startups in history into Elon Musk\u2019s expanding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":728467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2026\/05\/spacex-cursor-acquisition-ipo-60-billion-ai-coding.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-728466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/728466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=728466"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/728466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/728467"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=728466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=728466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=728466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}