Elon Musk's aerospace company is enjoying a boom in the markets. Following its initial public offering on June 12, SpaceX has closed its first major acquisition : the purchase of Cursor, the popular AI-powered programming startup, for $60.000 billion (approximately €52.000 billion). The deal, announced in mid-June and now finalized, reinforces the company's strategy to compete in the lucrative AI business.
The acquisition is not a whim. Cursor, whose AI assistant helps programmers write and debug code, has become one of the fastest-growing startups in the sector. With this purchase, SpaceX not only acquires a highly sought-after tool but also strengthens its computing infrastructure for advanced models , an area in which it already works through SpaceXAI.
A multi-million dollar acquisition with an eye on AI
The acquisition was executed through a SpaceX subsidiary, which merged with Anysphere, Cursor's parent company. Shareholders of the startup received the right to purchase 389,29 million Class A common shares of SpaceX, giving the transaction an implied equity value of $60.000 billion . The process began in April, when both companies announced a collaboration that included a purchase option for the same amount or an alternative payment of $10.000 billion.
Cursor, for its part, has stated that SpaceX is developing the computing power necessary to extend artificial intelligence far beyond what exists today, and that the tool will be one of the places where that intelligence becomes useful. This is no small statement: the startup has become a key player in so-called 'intuitive programming,' thanks to the demand from software developers for chatbot-based tools.
Solid results and an ambitious goal
In the second quarter of 2026, SpaceX reported revenues of $7.8 billion , a 92% increase compared to the same period the previous year. So far this year, the company has accumulated approximately $12.5 billion in sales, and analysts predict it will close the year with close to $44.58 billion. These figures have led Elon Musk to set a goal that seems straight out of science fiction: to reach $1 trillion in revenue by 2030.
To achieve this, SpaceX would need to maintain a compound annual growth rate of nearly 118% over the next four years. It's not impossible: Amazon, for example, grew at a similar rate in its first few years after going public. But analysts point out that SpaceX's current valuation, with a price-to-sales ratio of around 64 , already reflects much of that potential success. Furthermore, the company remains unprofitable and is investing aggressively in AI, which could delay the return to profitability.
The race for computing power
SpaceX's plan to dominate AI isn't limited to acquiring startups. According to a report by the consulting firm SemiAnalysis, the company intends to add between 6 and 8 gigawatts (GW) of computing capacity in 2027 alone, which would allow it to surpass the 10 GW it will have accumulated by the end of that year. The estimated cost of this infrastructure ranges from $300.000 billion to $500.000 billion, a figure that frightens even the tech giants.
SpaceX's strategy involves building data centers at breakneck speed, prioritizing speed over efficiency. Instead of waiting for transformers or standard components, the company is opting for alternative solutions that allow it to shorten lead times. It also plans to generate electricity on-site , primarily using natural gas, to circumvent the electrical grid bottleneck. According to SemiAnalysis, Microsoft could be one of SpaceXAI's largest clients, with up to 3 GW contracted for its cloud services.
The shortage of computing power makes the numbers work, at least for now. A dedicated inference cluster can generate over $100.000 billion annually per GW , while leasing that power costs around $12.000 billion. This explains why AI companies are willing to pay tens of millions of dollars per MW/year. However, if supply stabilizes or models become more efficient, these figures could fall and complicate project funding.
SpaceX has transformed from a company focused on space transportation into a tech giant with AI ambitions . The acquisition of Cursor, strong quarterly results, and plans to expand its computing power paint a picture of accelerated growth, but also of risks. The stock, which experienced a turbulent IPO, remains volatile and expensive, and the market is skeptical about whether Musk can deliver on his promise of $1 trillion in revenue. What is clear is that SpaceX has no intention of slowing down.
