TechFlow News, April 22: According to The New York Times, citing two informed sources, SpaceX has agreed to acquire Cursor for over $50 billion. Cursor is a rapidly growing AI startup focused on developing coding software. SpaceX is pursuing this acquisition as it prepares for what could be one of the largest initial public offerings (IPOs) in history.
Founded in 2022, Cursor has raised over $3 billion in funding and previously generated significant buzz as one of the fastest-growing AI startups. SpaceX previously stated that Cursor has granted SpaceX the right to acquire Cursor for $60 billion—or alternatively, SpaceX may opt to pay $10 billion for the fruits of their collaboration. (Jinshi)
Add to Favorites
Share to Social Media
