SpaceX Strikes $60B Deal for Right to Acquire Cursor
SpaceX announced a partnership with Cursor that includes a $60B acquisition option by end of 2026, or a $10B collaboration fee if SpaceX walks away. The deal halted Cursor's planned $2B fundraise at $50B valuation.
Cursor users now ride along with whatever happens with the SpaceX-xAI conglomerate. Cursor still uses Claude and GPT models — but this deal signals a likely shift toward xAI's Composer model. If you build on Cursor, watch for model lock-in changes through 2026.
Continue using Cursor as normal. The deal does not affect current pricing or features. Watch for an announcement on whether Composer replaces Claude/GPT as default backend.
Cursor’s run rate hit $2B in February 2026 and is projected at $6B by year-end. SpaceX merged with xAI in February. The $60B figure represents roughly a 50% discount on a fully diluted basis at SpaceX’s targeted $2T IPO valuation, per Chamath Palihapitiya. Polymarket gives 74% odds the acquisition closes in 2026.