SpaceX's S-1 IPO filing reveals an option to acquire Cursor for $60 billion — a 30x premium over Cursor's planned $2B funding round and eight times Microsoft's $7.5B GitHub acquisition.
The deal makes sense in context: Google's CEO says 75% of Google's new code is AI-generated (up from 50% last fall), and Anthropic writes 70-90% of its own code with Claude Code.
SpaceX merged with xAI in 2025 and is building GPUs with Intel through Terafab — buying Cursor gives them the dominant position in AI-assisted development to fuel their full stack.
The biggest risk isn't Cursor disappearing; it's the model-agnostic IDE tilting toward Grok as the default, the same way Azure became the default after Microsoft bought GitHub.
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