SpaceX Shares Reach New High as Musk Firm Agrees to $60 Billion Cursor Deal

SpaceX shares hit a new high after Elon Musk’s company agreed to acquire AI startup Cursor in an all-stock transaction valued at $60 billion. Under the deal described by Decrypt, Cursor would become a wholly owned subsidiary of SpaceX.

The development matters because it signals a deeper move into artificial intelligence by one of the market’s most closely watched technology companies. For investors and industry observers, the size of the proposed acquisition makes AI an even more central part of SpaceX’s post-IPO story.

The deal is structured entirely in stock, according to the source material. That means the transaction would use SpaceX shares rather than cash as the consideration for the acquisition.

Cursor’s planned role as a wholly owned subsidiary suggests SpaceX would bring the AI startup fully inside its corporate structure if the agreement is completed. The source material does not provide additional details on timing, regulatory approvals, or operational integration.

For crypto readers, the headline is less about digital assets directly and more about the broader technology market context. AI remains a major driver of attention across public and private markets, and large technology deals can influence sentiment across adjacent risk sectors, including crypto, when supported by market narratives.