SpaceX's Acquisition of Cursor Expected to More Than Double Cofounders' Net Worths
SpaceX is planning to acquire AI coding startup Cursor in an all-stock deal valued up to $60 billion, which would more than double the net worth of its four cofounders. The acquisition is expected to close by Q3 2026 and will convert each share of Cursor into SpaceX Class A common stock based on a volume-weighted average price.
Topics: acquisitions AI coding tools Cursor SpaceX venture capital returns