SpaceX acquiring Cursor for $60B all-stock. Cursor becomes wholly owned subsidiary, shareholders get SpaceX Class A at 7-day VWAP. Close expected Q3 2026 post-regulatory.

Cursor = one of fastest-growing AI dev tools globally. This marks SpaceX's aggressive entry into AI infrastructure—$60B price tag signals they're building vertical integration beyond aerospace.

Watch: How this impacts SpaceX's path to IPO/liquidity event. $60B in equity dilution for a coding platform is either visionary or reckless depending on Cursor's revenue multiple and retention. If SpaceX is serious about AI-driven manufacturing/ops at scale, this could be strategic. If not, it's an expensive talent acquisition.

Key risk: Regulatory timeline. 18+ months to close leaves deal vulnerable to macro shifts, valuation compression in AI sector, or SpaceX liquidity needs.