Updated May 4

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SpaceX Acquires Cursor for $60 Billion in First Post-IPO Power Move

Jun 17, 2026

SpaceX Acquires Cursor for $60 Billion in First Post-IPO Power Move

SpaceX is buying AI coding startup Cursor for $60 billion in an all-stock deal, its first major acquisition since going public. The deal gives Elon Musk's company access to Cursor's 1 million-plus developers and a foothold in the fast-growing AI coding tools market.

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The U.S. Commerce Department ordered Anthropic to block foreign access to its newest Fable 5 and Mythos 5 AI models, forcing a total shutdown. The directive, triggered by an Amazon security paper and a three-word jailbreak prompt, has sparked a global sovereign AI backlash from the UK, France, and Canada.

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