SpaceX reportedly offered Cursor a $10 billion collaboration fee and $60 billion acquisition path, reportedly halting the startup's $2 billion fundraise.
Cursor, an AI coding tool, was reportedly in final stages of closing a $2 billion funding round when SpaceX made an unsolicited acquisition offer. The offer reportedly includes a $10 billion upfront collaboration fee and a path to a $60 billion full acquisition. Cursor reportedly paused its fundraising discussions to evaluate SpaceX's proposal.
Lead coverage: TechCrunch AI — How SpaceX preempted a $2B fundraise with a $60B buyout offer ↗
Cursor, an AI coding tool, was reportedly in final stages of closing a $2 billion funding round when SpaceX made an unsolicited acquisition offer. The offer reportedly includes a $10 billion upfront collaboration fee and a path to a $60 billion full acquisition. Cursor reportedly paused its fundraising discussions to evaluate SpaceX's proposal.