SpaceX confirmed the acquisition of the startup Cursor for R$306 billion, a deal announced on June 16, 2026. The news comes shortly after the company’s historic entry into the Nasdaq stock exchange. This financial movement, according to Reuters projections, propelled Elon Musk to the level of the first global trillionaire.
Businessman Elon Musk, now recognized as the first trillionaire, sealed an agreement to invest R$306 billion (US$60 billion) in Cursor. This startup is dedicated to programming aided by artificial intelligence, marking yet another advance by Musk in the AI sector. The acquisition was reported through SpaceX, its space exploration company.
This transaction follows a moment of great success for SpaceX. On June 16, 2026, the company announced the purchase of Cursor, shortly after its notable debut on the Nasdaq, the New York Stock Exchange. The initial public offering generated an unprecedented volume of R$438 billion (US$85.7 billion) in negotiations. The negotiation with Cursor, which involves the exchange of SpaceX shares for a stake in the startup, is expected to be completed in the third quarter of 2026, with this debut on the stock exchange, according to Reuters, the event that confirmed Musk’s trillionaire status.
Financial aspects of the Cursor acquisition
The company targeted by the billionaire is seen as having great potential in the field of AI programming. SpaceX closed a deal to take over Cursor, valued at R$306 billion (US$60 billion), in an innovative transaction. Instead of a monetary transfer, the acquisition will be completed through the delivery of shares in the rocket company to the startup’s shareholders, constituting an exchange of shareholding.
Cursor represents more than just a newly arrived startup; founded in 2022 in Silicon Valley, it consolidated itself by attracting programmers to use its artificial intelligence in code automation. SpaceX, as early as April 2026, had indicated its interest and right to acquire, and the process is scheduled to be completed in the third quarter of the same year, as communicated by the company.
SpaceX’s rise on Nasdaq and Elon Musk’s fortune
The Cursor purchase agreement came shortly after an event that redefined SpaceX’s trajectory. The company began trading on Nasdaq, the New York stock exchange, recording an unprecedented volume of R$438 billion (US$85.7 billion) in its initial share offering. Currently, SpaceX constitutes the most valuable component of Elon Musk’s fortune.
The businessman’s attainment of the title of trillionaire was directly influenced by this IPO. According to Reuters analysis, SpaceX’s entry into the stock market in 2026 was the crucial element that catapulted Musk into becoming the first trillionaire in history. It is important to highlight that this estimate is based on the market value of the companies, which fluctuates depending on the performance of the shares, and does not represent an audited and stable financial amount.
Elon Musk: the entrepreneur and his expansion in the AI universe
The protagonist of this transaction is one of the most prominent figures on the global technology scene. Elon Musk, acclaimed as the first trillionaire, is a South African-born American entrepreneur, famous for running innovative ventures such as Tesla, SpaceX and xAI. The recent acquisition of Cursor represents a new and significant investment in the area of artificial intelligence.
This initiative establishes a bridge between the aerospace sector and the software universe. With the purchase of Cursor, which offers a tool for code automation via artificial intelligence, Musk expands his operations in AI, going beyond already established domains. However, the complete implementation of this movement still awaits the completion of the process, projected for the third quarter of 2026.
Elon Musk, considered by Reuters to be the world’s first trillionaire after SpaceX’s successful debut on the Nasdaq, which generated R$438 billion (US$85.7 billion) in its share offering, is now directing his rocket company to acquire the artificial intelligence startup Cursor for R$306 billion (US$60 billion). The transaction, which involves the exchange of SpaceX shares for Cursor shares, is scheduled to be completed in the third quarter of 2026. Musk’s trillionaire status is a reflection of the variable market value of his companies. With this acquisition still in progress, the entrepreneur at the helm of Tesla, SpaceX and xAI reinforces his commitment to programming automation through artificial intelligence.