SpaceX to Pay $10bn or Acquire Cursor for $60bn
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- SpaceX announced a deal to either acquire Cursor for $60 billion or pay a $10 billion fee for their collaboration.
- The New York Times first reported the possible deal on Tuesday evening, and SpaceX confirmed it via a tweet.
- SpaceX and Cursor are now working together to build the world’s best coding and knowledge‑work AI.
- Cursor’s product and distribution combined with SpaceX’s “million H100 equivalent” Colossus training supercomputer will be used to build the world’s most useful models.
- Cursor gave SpaceX the right to acquire the startup later this year for $60 billion or pay $10 billion for the joint work.
- CNBC reported that Musk values his combined X companies at $1.25 trillion, and that Cursor is raising $2 billion at a $50 billion valuation.
Why it matters: The deal gives SpaceX access to Cursor’s AI coding platform and a massive Colossus supercomputer, potentially boosting xAI’s ability to rival Anthropic, while the $10 billion fee clause is an unusually steep breakup fee that underscores the high stakes of Musk’s $1.25 trillion X empire.
