SpaceX's all-stock Cursor deal illustrates the power of public markets, which could help SpaceX narrow the gap with Anthropic and OpenAI through acquisitions (New York Times)

Techmeme ·

SpaceX’s all-stock deal for Cursor signals how richly valued tech companies can use equity to pursue major AI acquisitions.

Categories: Money & Moves

Excerpt

<a href="https://www.nytimes.com/2026/06/17/business/dealbook/spacex-stock-cursor-ai.html?unlocked_article_code=1.rFA.K2Pm.-Zp7G7fuvb_A&amp;smid=url-share"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260618/i8.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260618/p8#a260618p8" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.nytimes.com/">New York Times</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.nytimes.com/2026/06/17/business/dealbook/spacex-stock-cursor-ai.html?unlocked_article_code=1.rFA.K2Pm.-Zp7G7fuvb_A&amp;smid=url-share">SpaceX's all-stock Cursor deal illustrates the power of public markets, which could help SpaceX narrow the gap with Anthropic and OpenAI through acquisitions</a></b></span>&nbsp; &mdash;&nbsp; Shares in Elon Musk's SpaceX have been on a tear, giving the rockets and artificial intelligence company financial resources to box out competitors.</p>