Story perspectives

SpaceX Proposes $60 B Cursor Purchase, Delays Till Post-IPO

4/23/2026

Summary

SpaceX Pursues Cursor Acquisition

SpaceX offered to buy startup Cursor for $60 billion, said it could pay $10 billion for collaboration, and expects to postpone the deal until after its summer IPO.
Cursor was about to close a $2 billion round valuing it at $50 billion, backed by Andreessen Horowitz, Thrive, Nvidia and Battery Ventures.
If completed, SpaceX may fund the purchase with publicly traded stock and retain the whole Cursor team to compete with Anthropic and OpenAI.

Summary

Truell Powers Cursor

Michael Truell, a 25-year-old New York native who left MIT after one year, began coding at 11 and interned at Google on language-model feed ranking.
During the Google internship he met investor Ali Partovi, who later joined Neo Scholars and became an early backer of Cursor.
Cursor’s AI tools serve 67 % of Fortune 500 firms, with the company hitting $100 million annualized revenue in January 2025 and $2 billion by February 2025.

Summary

Microsoft Eyes Cursor

Microsoft explored a potential acquisition of Cursor before SpaceX’s announcement.
Microsoft’s stock fell 10% this year, underperforming its hyperscaler peers.
Satya Nadella said GitHub Copilot reached 4.7 million paying subscribers, a 75% increase year-over-year.
Sam Altman announced Codex has 4 million active users, up from 3 million two weeks earlier.
Anthropic’s Claude Code contributed $30 billion in annualized revenue this month, adding pressure on Cursor’s market share.

1 of 3

SpaceX Pursues Cursor Acquisition

SpaceX offered to buy startup Cursor for $60 billion, said it could pay $10 billion for collaboration, and expects to postpone the deal until after its summer IPO.
Cursor was about to close a $2 billion round valuing it at $50 billion, backed by Andreessen Horowitz, Thrive, Nvidia and Battery Ventures.
If completed, SpaceX may fund the purchase with publicly traded stock and retain the whole Cursor team to compete with Anthropic and OpenAI.

1 / 3