Technology22 Apr 2026SEO 801 min read

Analysis: How SpaceX preempted a $2B fundraise with a $60B buyout offer

Until a few hours before SpaceX announced its deal, giving it the option to acquire Cursor — the maker of AI-powered coding software — for $60 bill…

Until a few hours before SpaceX announced its deal, giving it the option to acquire Cursor — the maker of AI-powered coding software — for $60 billion , Cursor was on track to close a $2 billion funding round later this week, according to a person familiar with the matter. The round would have valued the company at $50 billion. SpaceX said it would either buy the company at some point later this year or pay $10 billion to Cursor to collaborate on AI development. Cursor was apparentl…

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AnalysisHowSpaceXpreemptedfundraisewith60Bbuyout