SPACEX LOCKS IN $60 BILLION OPTION TO BUY AI CODING STARTUP CURSOR — KILLS ITS $2B FUNDRAISE COLD
SpaceX preempted Cursor’s $2 billion funding round with a $10 billion “collaboration fee” plus an option to acquire the coding AI tool outright for $60 billion — after SpaceX’s IPO this summer, when it can use newly public stock to finance the deal. Microsoft had also looked at buying Cursor before losing out.
Keywords: SpaceX Cursor acquisition, AI coding tool, Cursor AI, Elon Musk AI strategy