SpaceX will acquire AI code editor Cursor for $60 billion in Class A stock, granting Cursor investors direct equity in SpaceX with closing expected in Q3

SpaceX and Cursor had agreed to a deal earlier this year that gave the rocket company an option to buy the AI firm.

SpaceX exercised its option to buy Cursor for $60 billion in all stock, the largest startup acquisition ever, arming xAI and Grok against rivals Anthropic and OpenAI.