SpaceX IPO eyes July acquisition of Cursor following June 12 listing: report

MSN
2026.05.20 05:01
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SpaceX plans to acquire AI startup Cursor in July, following its expected IPO on June 12. If the acquisition fails, SpaceX will owe Cursor a $10B breakup fee. Cursor raised $2.3B last November, achieving a $29.3B valuation with backing from major investors like Accel and Nvidia.