Why SpaceX's Acquisition of Cursor AI Could Be a Massive Bargain for Elon Musk and His Team
Key takeaways
- Billy Duberstein, The Motley Fool Mon, June 22, 2026 at 7:11 PM GMT+7 5 min read SPCX NVDA On Tuesday, June 16, newly public Space X (NASDAQ: SPCX) announced it would acquire AI coding company Cursor for $60 billion.
- The announcement occurred shortly after Space X went public the prior day, giving it a public market valuation.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Billy Duberstein, The Motley Fool Mon, June 22, 2026 at 7:11 PM GMT+7 5 min read SPCX NVDA On Tuesday, June 16, newly public Space X (NASDAQ: SPCX) announced it would acquire AI coding company Cursor for $60 billion. Space X will pay for Cursor all-in-stock at a price determined by the public share price in the week leading up to the closing date, which Space X anticipates will occur around the third quarter.
The announcement occurred shortly after Space X went public the prior day, giving it a public market valuation. The announcement to buy Cursor just one day later suggests that Cursor was of high importance to SpaceX.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »