SpaceX has completed its $60 billion acquisition of Cursor, bringing an AI coding startup into the company after months of partnership, planning, and regulatory caution. The deal officially closed on Friday, August 14, 2026, marking the final step in an agreement that began with collaboration in April.
The acquisition gives SpaceX ownership of Cursor after the two companies first joined forces in April 2026. What started as a technology partnership moved toward a full acquisition just two months later, as SpaceX became a public company and both companies said they were moving forward with the deal.
From Partnership to Acquisition
SpaceX and Cursor first partnered in April 2026, when Elon Musk’s company announced a deal for the companies to develop technology together. That agreement created a path for deeper collaboration while also giving SpaceX the option to acquire Cursor for $60 billion.
The structure connected two distinct areas of technology: SpaceX, the company led by Elon Musk, and Cursor, an AI coding startup. The companies began with a shared technology effort, but the agreement left open a much larger outcome from the start.
By June 2026, SpaceX officially committed to the acquisition. The timing mattered because SpaceX became a public company two months after the original April partnership, and the companies said they were moving forward with the purchase.
That sequence turned the $60 billion option into a confirmed transaction. The April agreement created the relationship, the June commitment set the acquisition in motion, and the August closing completed it.
SpaceX Completed the $60 Billion Purchase
SpaceX closed the acquisition of Cursor on Friday, August 14, 2026. The completed transaction carries a price of $60 billion, the same value attached to SpaceX’s option to acquire the AI coding startup in April.
The closing also resolves the central question surrounding the companies’ earlier partnership: whether their technology work would remain a collaboration or become part of SpaceX through an acquisition. SpaceX has now officially closed the deal, and Cursor has moved from partner to acquired company.
Elon Musk addressed the timing during SpaceX’s August earnings call, saying, “We don’t want to jump the gun on regulators for closing the acquisition.” That comment placed regulatory timing at the center of the final stage, before the transaction closed on August 14.
The path from April to August lasted only a few months, but each stage carried a different role:
- April 2026: SpaceX and Cursor first partnered, and SpaceX announced a deal for the companies to develop technology together.
- April 2026: The agreement gave SpaceX the option to acquire Cursor for $60 billion.
- June 2026: SpaceX officially committed to the acquisition as it became a public company.
- August 2026: SpaceX closed the acquisition of Cursor.
- August 14, 2026: The $60 billion transaction officially closed.
A New Chapter for SpaceX and Cursor
The closing brings the companies’ partnership into a new phase. SpaceX and Cursor no longer stand only as collaborators developing technology together; SpaceX has completed its purchase of the AI coding startup for $60 billion.
That shift follows the exact path laid out in the original agreement. SpaceX first gained an option to acquire Cursor, then committed to the purchase in June, and finally completed the transaction in August after the regulatory concerns raised by Musk during the earnings call.
For Cursor, the acquisition places the startup inside SpaceX after its first partnership with the company in April 2026. For SpaceX, the deal adds a completed AI coding acquisition to a year that moved from cooperation to corporate ownership.
The next chapter now begins with the acquisition closed. SpaceX and Cursor have completed the $60 billion transaction, and the technology partnership that started in April 2026 has become a formal part of SpaceX’s future.
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