SpaceX is on track to complete its $60 billion acquisition of Cursor, the AI coding startup, by the end of next week, according to The Information.
The deal would mark one of the largest tech acquisitions on record and represents SpaceX's entry into the enterprise AI software market. Cursor, founded in 2021, has built a code editor that integrates large language models directly into a developer's workflow. The startup has grown to more than 1 million monthly active users since launching its AI-first product line.
SpaceX, which went public in June 2026 under ticker SPCX, has used its capital markets access to fund expansion beyond aerospace. The company's IPO raised $12.7 billion and valued the firm at $180 billion. At $60 billion, the Cursor acquisition would consume one-third of that capital raise in a single transaction.
Cursor raised $100 million in Series B funding in 2024 at a $2 billion valuation, according to earlier filings. The jump to a $60 billion price represents a 30-fold increase in valuation in roughly 18 months. Competitors including GitHub Copilot and JetBrains' AI assistant have captured significant market share in the code generation category, but Cursor's vertical focus has generated user growth that outpaced both.
The deal still requires standard regulatory approvals, though neither SpaceX nor Cursor operate in industries with heavy sectoral review. A close by end of next week would complete the transaction roughly 90 days after SpaceX announced the deal in early August.
SpaceX has not publicly commented on the timeline. The Information's reporting is the first disclosure of an expected completion window. A $60 billion outlay on a software company would rank among the largest acquisitions by a space company, surpassed only by Boeing's 2001 acquisition of Hughes Space and Communications for $61 billion in nominal terms.
The number to watch is whether the deal closes by end of business on Friday. If SpaceX completes the acquisition on or before that date, neither company encountered material regulatory objections.
