![\"Space](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/04\/e1810599-space-x-2.jpg\"\/)
SpaceX is reportedly preparing for a potentially record-breaking IPO, possibly as early as June. (EPA Images pic)
\nSAN FRANCISCO: SpaceX on Tuesday announced a partnership with AI coding company Cursor, saying the alliance comes with an option to buy the startup for US$60 billion later this year.<\/p>\n
The move by Elon Musk\u2019s rocket and satellite company comes as it prepares to become publicly traded and shortly after it took over the billionaire\u2019s artificial intelligence outfit xAI.<\/p>\n
Cursor, founded in 2022 and based in San Francisco, specialises in AI for creating software code, particularly for business uses.<\/p>\n
\u201cSpaceXAI and @cursor_ai are now working closely together to create the world\u2019s best coding and knowledge work AI,\u201d the company said in a post on X.<\/p>\n
Combining Cursor\u2019s software and product expertise with SpaceX\u2019s \u201cColossus\u201d AI training supercomputer will enable the company \u201cto build the world\u2019s most useful models\u201d, it said.<\/p>\n
Musk announced in February that SpaceX would acquire xAI, a step in his plan to launch solar-powered, satellite-based data centres to run future AI models.<\/p>\n
SpaceX has set the pace in the space launch market, offering reusable rockets that vastly reduce the cost of putting satellites into orbit and owning the largest satellite constellation, Starlink.<\/p>\n
The company is set for a stock market listing this year, widely expected to be the biggest in history, with media reports pointing to an initial public offering (IPO) as early as June.<\/p>\n
Musk called SpaceX\u2019s absorption of xAI \u201cnot just the next chapter but the next book\u201d for the companies.<\/p>\n
\u201cGlobal electricity demand for AI simply cannot be met with terrestrial solutions\u2026 The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space,\u201d Musk wrote when his companies were merged.<\/p>\n
The project fits into Musk\u2019s long-term ambition to build colonies on the Moon and Mars and is \u201ca first step towards becoming a Kardashev II-level civilization,\u201d he wrote.<\/p>\n
Coined in the 1960s by a Soviet astronomer, the futurist term refers to a civilization able to use all of the energy from its home system\u2019s star.<\/p>\n
SpaceX filed papers early this year with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP.<\/p>\n
The confidential filing puts the rocket and satellite builder on track to list its shares on a public exchange by July, according to The Wall Street Journal, citing unidentified sources.<\/p>\n
Media reports have said the initial public offering could be valued at a whopping US$75 billion or more for a venture with stratospheric ambitions.<\/p>\n
If successful, SpaceX could arrive on Wall Street with a valuation exceeding US$1.75 trillion, putting it among the world\u2019s ten biggest companies by market capitalisation.<\/p>\n
Besides SpaceX, two other tech heavyweights, the AI developers OpenAI and Anthropic, are reportedly planning IPOs this year.<\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX is reportedly preparing for a potentially record-breaking IPO, possibly as early as June. (EPA Images pic) SAN…\n","protected":false},"author":2,"featured_media":11506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[635,9341,9342,140,9343,9344,9345,8493,9346,2899,9347],"class_list":{"0":"post-11505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-xai","8":"tag-ai-coding","9":"tag-ai-supercomputer","10":"tag-colossus-ai","11":"tag-elon-musk","12":"tag-musk-expansion","13":"tag-satellite-data-centres","14":"tag-spacex-cursor","15":"tag-spacex-ipo","16":"tag-starlink-network","17":"tag-xai","18":"tag-xai-merger"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/11505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=11505"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/11505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/11506"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=11505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=11505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=11505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}