SpaceX plans to acquire AI programming startup Cursor 30 days after going public.

According to informed sources, Elon Musk's SpaceX is expected to proceed with the acquisition of the artificial intelligence programming startup Cursor approximately 30 days after the company completes its initial public offering and begins trading on the stock market. Earlier reports indicated that SpaceX was planning to submit its IPO application as early as Wednesday and list on the market on June 12. If the plan moves forward as scheduled, the acquisition of Cursor is expected to be completed in July. The sources revealed that if the deal does not go through, SpaceX would pay Cursor a $10 billion cash termination fee. Due to the sensitive nature of the information, the individuals involved preferred to remain anonymous. Cursor declined to comment, and representatives of SpaceX and Musk's xAI artificial intelligence business did not respond to requests for comments. This deal will enhance SpaceX's AI programming capabilities. SpaceX previously planned to raise up to $750 billion at a valuation of over $2 trillion, making it the largest IPO in history.