SpaceX Lines Up a $60B Cursor Buyout for 30 Days After Its June 12 IPO

Bloomberg reported on Tuesday that SpaceX plans to acquire AI coding startup Cursor approximately 30 days after the rocket maker begins public trading on June 12, putting the closing window in mid-July. The proposed price tag is $60 billion, with a $10 billion breakup fee if the deal collapses. People familiar with the matter described the timing and price; SpaceX has not filed the terms officially.

The structure ties two of the year's most-watched financings together. SpaceX is expected to file for its IPO this week and list shares June 12 at a targeted $1.75 trillion valuation, raising roughly $75 billion. The Cursor option is essentially a forward acquisition contingent on that liquidity event happening on schedule. SpaceX absorbed xAI in February 2026, and Cursor's most recent model, Composer 2.5, was already trained on xAI's Colossus 2 data center — so the post-IPO buyout would formalise what is in practice already a coupled stack.

The Cursor numbers explain the willingness to pay. Cursor, owned by Anysphere, has over 1 million paying customers and crossed roughly $1 billion in annualised revenue in 2025, doubling from $500 million the prior year. It was reportedly hours from closing a $2 billion round led by Andreessen Horowitz, Thrive Capital and Nvidia at a $50 billion valuation when the SpaceX agreement preempted the raise. The $60 billion takeout is a 20% premium on that aborted financing.

An alternative structure remains live. If the IPO slips or the acquisition fails antitrust review, an earlier April agreement keeps a $10 billion compute-and-collaboration partnership in place, with Cursor continuing to train on Colossus and Anysphere remaining independent. A SpaceX statement at the time framed the relationship simply: "SpaceXAI and Cursor are now working closely together to create the world's best coding and knowledge work AI."

For developer-tooling competitors, the implications are blunt. GitHub Copilot, Anthropic's Claude Code, and Windsurf have all been competing for the same Fortune 500 seats Cursor already occupies. Pairing Cursor with SpaceX's compute and capital base would create the first vertically integrated coding-AI vendor with its own supercomputer, its own model program, and a public-market currency to acquire what it doesn't already own.