Lynn DoanJun 16, 2026 – 10.37pmSpaceX has formally agreed to take over Cursor in a deal that values the AI coding startup at $US60 billion ($85 billion), cementing a key part of Elon Musk’s efforts to catch up with rivals on coding tools.Cursor investors will have the right to receive SpaceX stock based on the implied $60 billion equity value of the startup, according to a company filing made on Tuesday.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles