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SpaceX Cursor Deal: $60B Buy Option, $10B Partnership Alternative
SpaceX and AI coding startup Cursor struck a deal granting SpaceX a $60B buy option or a $10B partnership fee. The Silicon Review reports on the tie-up that could reshape AI developer tools. SpaceX has struck a landmark deal with AI coding startup Cursor, securing the right to acquire the company later this year for $60 billion or, alternatively, pay $10 billion to formalize a strategic partnership, the company announced on X Tuesday . The agreement grants SpaceX a call option on Cursor, one of the fastest-growing AI developer tools. If SpaceX chooses not to exercise the acquisition right by year-end, it must pay a $10 billion "partnership fee." The structure allows SpaceX to lock in Cursor without triggering a full merger before its planned IPO. SpaceX is targeting a public debut as soon as June 2026, aiming for a valuation of $1.75 trillion to $2 trillion in what could be the largest IPO in history. A $60 billion acquisition would require updating financial disclosures and likely delay the offering making the $10 billion "breakup fee" a strategic price to preserve the IPO timeline. The two companies will jointly develop "the world's best programming and knowledge w...
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