SpaceX struck a deal with AI coding startup Cursor giving SpaceX the right to acquire the company outright for $60 billion later in 2026, or pay a $10 billion breakup fee if it walks away — an arrangement that preempted a $2 billion fundraising round Cursor had been pursuing at a roughly $50 billion valuation. As reported by TechCrunch and Bloomberg, the collaboration pairs Cursor's developer distribution with SpaceX's Colossus supercomputer (claimed at ~1 million Nvidia H100 equivalents) and is intended to reduce Cursor's dependence on third-party Anthropic and OpenAI models as xAI — now merged with SpaceX — builds its own capabilities. SpaceX is expected to delay the formal acquisition close until after its IPO.