Thirty days after going public, SpaceX will complete the acquisition of the "star AI programming company" Cursor.

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SpaceX is accelerating its acquisition of AI programming superstar startup Cursor. The deal will be finalized about 30 days after its IPO, marking a major move by this space and AI giant under Musk in the field of AI programming.

According to a Bloomberg report on Wednesday, SpaceX may submit its IPO application as early as Wednesday and plans to officially list on June 12. If the process proceeds as expected, SpaceX’s acquisition of Cursor will be completed in July. Insiders revealed that if the deal ultimately falls through, SpaceX will pay Cursor a $10 billion breakup fee.

This acquisition will significantly strengthen SpaceX’s capabilities in the AI programming field and add a strategic weight to its record-breaking IPO. SpaceX is seeking to raise as much as $75 billion in this listing, corresponding to a valuation of over $2 trillion.

Acquisition Timeline: 30 Days After IPO

According to Bloomberg citing insiders, SpaceX is expected to complete its acquisition of Cursor within 30 days after listing. SpaceX announced as early as April this year that an agreement had been reached, securing the right to acquire Cursor later this year for $60 billion or pay $10 billion to exchange for collaborative outcomes between both parties.

SpaceX did not immediately complete the acquisition at that time because the IPO was imminent. Both sides chose to lock in the deal in the form of an agreement and move forward with the official merger after the listing process is completed. The transaction is still expected to undergo regulatory review.

Cursor: A Star Player in the AI Programming Track

Cursor launched its AI software in 2023, helping programmers write and debug code more efficiently. By precisely capturing the wave of “vibe coding,” Cursor has become one of the fastest-growing startups ever, rapidly emerging as a core industry player amid surging demand for chatbot prompt tools among software developers.

On Monday, Cursor released its latest AI programming model Composer 2.5, with its training relying on the xAI data center Colossus 2. Cursor CEO Michael Truell posted on the X platform, stating that this AI model is the “starting point” of collaboration between the two parties, and said, “We hope to bring more improvements soon.”

Strategic Synergy: The Combination of Computing Power and Product

SpaceX stated when announcing the deal in April that the two companies are “working together to create the world’s best AI for programming and knowledge work.” In a post on the X platform, SpaceX pointed out that Cursor’s leading product and distribution capabilities among professional software engineers will form a strong partnership with SpaceX’s Colossus training supercomputer, which has the equivalent of a million H100s.

It is worth noting that SpaceX recently completed its merger with xAI, and acquiring Cursor will further integrate its AI ecosystem, forming a complete closed loop between computing infrastructure and front-end development tools, laying the foundation for AI business expansion after listing.

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