Wall St Engine(@wallstengine):SPACEX PLANS TO BUY CURSOR FOR $60B AFTER IPO SpaceX expects to proceed with its acquisition of AI coding startup Cursor 30 days after it begins trading publicly, per Bloomberg. The company is expected to file for an IPO as soon as Wednesday and list shares on June 12, putting the Cursor deal on track for July. Key details: SpaceX would pay Cursor a $10B cash breakup fee if the deal fails. SpaceX is seeking to raise as much as $75B at a valuation above $2T. The deal follows SpaceX’s recent merger with xAI and would deepen its AI coding capabilities. Cursor released its latest model, Composer 2.5, on Monday, trained using xAI’s Colossus 2 data center.

2026.05.19 22:47

SPACEX PLANS TO BUY CURSOR FOR $60B AFTER IPO SpaceX expects to proceed with its acquisition of AI coding startup Cursor 30 days after it begins trading publicly, per Bloomberg. The company is expected to file for an IPO as soon as Wednesday and list shares on June 12, putting the Cursor deal on track for July. Key details: SpaceX would pay Cursor a $10B cash breakup fee if the deal fails. SpaceX is seeking to raise as much as $75B at a valuation above $2T. The deal follows SpaceX’s recent merger with xAI and would deepen its AI coding capabilities. Cursor released its latest model, Composer 2.5, on Monday, trained using xAI’s Colossus 2 data center.