SpaceX IPO plans are now public
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Former White House AI czar David Sacks confirmed the structure of Elon Musk’s Cursor play on the All-In podcast Friday. By the end of 2026, SpaceX will either acquire the AI coding startup for $60 billion or pay it $10 billion to walk away.
SpaceX announced a partnership with coding startup Cursor that will give Elon Musk's company a major foothold in the AI coding race.
Partnering with Cursor could be a crucial step for Elon Musk to get ahead of AI rivals like OpenAI and Anthropic.
Elon Musk’s SpaceX has secured an option to acquire AI coding startup Cursor for $60 billion or enter a $10 billion partnership, while also exploring a three-way collaboration with French AI firm Mistral. The talks aim to integrate Cursor’s coding ...
Elon Musk's SpaceX just made a deal with a coding startup founded by four college kids who dropped out of MIT three years ago. On April 21, SpaceX announced on X (1) that it is working together with Cursor, an AI coding tool used by 64% (2) of Fortune 500 ...
With a SpaceX IPO around the corner. is a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several years covering news at Engadget. SpaceX and Cursor are now working closely together to create the world’s best coding and knowledge work AI.
As the momentum ramps up ahead of that IPO-- which, at a reported target valuation of $1.75 trillion, is expected to be the largest ever -- let's consider what the Cursor deal might mean for SpaceX. The new deal isn't a straightforward acquisition.
April 21 (Reuters) - SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI ...
SpaceX said it has an agreement giving it the right to acquire artificial intelligence startup Cursor for $60 billion later this year or to pay $10 billion for the companies’ work together, part of the Elon Musk-run firm’s efforts to catch up with rivals in AI coding tools.
Elon Musk's SpaceX said it secured the right to buy AI coding startup Cursor for $60 billion, or pay Cursor $10 billion for work together. The deal marks another expensive move for SpaceX, as the company prepares to go public later this year.