How SpaceX preempted a $2B fundraise with a $60B buyout offer
SpaceX offering to acquire Cursor for $60B, preempting a $2B fundraise, giving xAI a substantial AI application business alongside its Grok product.
Excerpt
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
Read at source: https://techcrunch.com/2026/04/22/how-spacex-preempted-a-2b-fundraise-with-a-60b-buyout-offer/