SpaceX Closes $60B Acquisition of AI Startup Cursor

Space Exploration Technologies Corp. completed its $60 billion acquisition of AI coding company Cursor on Aug. 14, converting Cursor equity into rights to 389,289,254 SpaceX Class A shares, the company reported in a Form 8‑K filed with the SEC.

Cursor vested restricted stock units were converted into rights to receive 1,752,426 SpaceX Class A shares before applicable tax withholding. SpaceX assumed Cursor’s unvested awards and converted them into about 29.1 million SpaceX restricted stock units and roughly 44.4 million options to purchase Class A shares.

The transaction followed a definitive merger agreement signed June 16 among SpaceX, merger subsidiary X67 Inc. and Anysphere Inc., the corporate entity that operates Cursor. Under the agreement X67 merged into Cursor, leaving Cursor as a wholly owned SpaceX subsidiary. SpaceX issued the merger consideration without a registered public offering, relying on an exemption under Section 4(a)(2) of the Securities Act, the filing states.

The companies began collaborating in April after Cursor reported that computing capacity limited its ability to scale models. On April 21 they announced a model‑training partnership giving Cursor access to SpaceXAI’s Colossus infrastructure. The initial arrangement included an option for SpaceX to acquire Cursor for $60 billion. By July the relationship expanded into joint model development and plans to deliver developer-focused products built with shared technology.

Cursor confirmed the closing in a company post, writing, ‘Cursor has officially been acquired by SpaceX. This completes the acquisition process that started in April, when we announced our partnership with SpaceXAI to accelerate our model training efforts.’ The post added, ‘SpaceX is building the computing capacity needed to scale intelligence far beyond what exists today. Cursor will be one place where that intelligence becomes useful.’

SpaceX has identified AI compute among areas for capital deployment in its public disclosures. Large GPU clusters perform the parallel calculations required to train and run modern AI models. The filing notes the acquisition integrates Cursor’s model-development team with SpaceX’s planned compute infrastructure. The AI compute ecosystem also includes decentralized approaches that distribute processing across independent providers.