SpaceX Stock Falls as $60B Cursor Deal Closes
SpaceXAI's $60 billion acquisition of Cursor secures its team and advanced AI compute to accelerate model training and build AI teammates, strengthening its position against rivals.
- SpaceX completed its $60bn acquisition of Cursor, finalizing the deal following regulatory approval as outlined in the June filing.
- An earlier partnership between Cursor and SpaceXAI to accelerate model training formed the foundation, with both companies signing a binding agreement in June.
- The four MIT co-founders became billionaires with the $60bn price tag, though the more consequential transfer involves the team and compute. Cursor previously agreed to pay SpaceX close to $45bn for computing capacity.
- Investors responded positively to the close, with SpaceX shares up about 3.6% at $136.20. Cursor engineers now have access to SpaceX's advanced AI chip stockpile to build AI teammates capable of real work.
- Positioning itself against rivals like Anthropic, SpaceX anticipates AI revenue will out-earn rockets by September. This follows the recent launch of the Opus-class Grok 4.5 model.
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Cryptocurrency News | Cryptocurrency Prices | Market CapSpaceX stock falls as $60B Cursor deal closes
SpaceX has completed its $60 billion stock-based acquisition of Anysphere, bringing the Cursor coding platform into its SpaceXAI business as SPCX shares fell during Friday trading. An SEC filing dated Aug. 14 showed that SpaceX completed the acquisition through X67…
SpaceX Closes $60 Billion Cursor Deal as AI Coding Race Accelerates
SpaceX has completed its acquisition of Cursor. The AI coding platform’s parent company, Anysphere, is now a wholly owned subsidiary. The all-stock transaction values the deal at $60 billion. It closed today, August 14, 2026. But this isn’t just another big tech buyout. The move caps a rapid courtship that began in April with a strategic partnership. Back then, TechCrunch reported SpaceX secured the right to acquire Cursor for $60 billion later …
SpaceX completes all-stock Cursor acquisition at $60 billion implied value
SpaceX has completed its all-stock acquisition of Anysphere, the company behind AI coding platform Cursor, at an implied equity value of $60 billion. The merger became effective on August 14, making Anysphere a wholly owned SpaceX subsidiary. The closing follows the merger agreement announced on June 16. It also converts an April computing partnership between Cursor and SpaceXAI into full ownership by SpaceX. SpaceX issued shares rather than pay…
SpaceX completes $60 billion acquisition of Cursor AI
SpaceX has closed its $60 billion acquisition of the AI coding startup Cursor on Friday. The companies first partnered in April, giving Elon Musk’s company the right to buy Cursor. SpaceX committed to the acquisition in June. “Cursor is now part of @SpaceX,” Cursor said in an X post. “Today, we have officially closed our acquisition. We will join the @SpaceXAI team to help make Grok the world’s most useful AI and improve Grok Build, Grok Bot, Gr…
(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Elon Musk's space company SpaceX has finalized the acquisition of artificial intelligence (AI) coding startup Cursor.
SpaceX completes its $60bn Cursor acquisition
SpaceX confirmed completion in a regulatory filing. Bloomberg’s Carmen Arroyo and Natasha Mascarenhas reported the close. The desk covered the binding agreement in June, when SpaceX filed an 8-K and said it expected to complete in the third quarter, subject to regulatory approval. That approval has now happened, on the schedule the filing set out. […] This story continues at The Next Web
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