Executive TL;DR:

• SpaceX agrees to acquire Cursor for $60B
• The deal includes a $10B breakup fee for access to Cursor’s data
• SpaceX will gain access to Cursor’s developer data and enterprise relationships

The Buzz Score

The Internet’s Verdict: 70% Hyped, 30% Skeptical

Forum Reactions

Some experts praise the move, while others express skepticism.

I just want to make the observation that this whole SpaceX IPO is turning out entirely unlike the CDOs that led to the 2008 financial crisis. There’s no mixing of AAA level assets with a bunch of subprime stuff and then getting someone to buy it all as AAA. Not at all similar. Completely different. Will turn out just fine this time.

Others are more critical, drawing comparisons to Enron.

Every time Musk does anything these days, it further reveals the shell game he’s playing with his companies. This is going to be an Enron type of story eventually. I truly wish I had a choice to pull my tax money out of this particular subsidy.

Analysis

The deal is seen as a strategic move by SpaceX to gain access to Cursor’s developer data and enterprise relationships.

So SpaceX bought a $60B Option on Cursor, plus a bunch of services, for $10B. If strike date comes and Cursor is in fact worth less than $60B… they can move to acquire it for that price. Or just let it expire. And if it’s worth more, they get a savage good deal. If the services were worth $8B anyway, it’s hard to lose.

Only time will tell if this deal will pay off for SpaceX.

Focus Keyword: SpaceX Acquisition