News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Impulse Space Raises $308M Series D Extension at ~$5.4B Valuation
On September 16, 2026, per Impulse Space, spacecraft, propulsion and in-orbit transportation company raised $308M in a Series D extension, bringing the round to $808M total at a valuation of about $5.4B. The company was founded by Tom Mueller, former SpaceX propulsion systems lead.
Cursor officially acquired by SpaceX to leverage AI and advanced computing resources
On 2026/8/15, Cursor reported that the US AI programming tool was officially acquired by SpaceX to use its AI and advanced computing resources.
Beyond Reach Labs Raises $10M Seed for Deployable Space Solar Arrays
On July 17, 2026, per Beyond Reach Labs, deployable high-power space solar array company raised $10M in seed funding and relocated to New York. Founding team representative Pele Collins has SpaceX experience and participated in Y Combinator's Winter 2026 program.
TerraFirma grows more than 10 times in a year, raises USD 100 million Series A
On 2026/7/16, X reported that US company TerraFirma had grown more than 10 times in a year and raised USD 100 million in Series A funding. Founded by former SpaceX engineers, it had raised USD 115 million in total after this round.
Cursor reaches USD 4 billion annualized revenue; SpaceX signs USD 60 billion acquisition agreement
In 2026/6, Forbes reported that Cursor’s annualized revenue run rate exceeded USD 4 billion. SpaceX signed an acquisition agreement for approximately USD 60 billion on 6/16; an SEC filing made clear that closing was still pending at that time. Cursor did not announce completion until 8/14, so this record does not mark it acquired. The body of the X post cited by ARR Club is currently unreadable.
Cursor exceeds USD 4 billion annualized revenue run rate
On 2026/6/8, Forbes reported that Cursor’s annualized revenue run rate had exceeded USD 4 billion in the preceding week. The report expected SpaceX to acquire Cursor after SpaceX went public. This was an expectation about a future transaction, not a Cursor IPO or a completed deal.
SpaceX obtains an option to acquire Cursor for USD 60 billion
On 2026/4/22, The New York Times reported that SpaceX obtained an option to acquire Cursor for USD 60 billion or pay USD 10 billion for a partnership. Cursor had reached USD 100 million in ARR within two years, with a valuation of USD 29 billion in its previous round.
xAI Acquired
On 2026/2/2, Xiniu Data reported that xAI was acquired for USD 250 billion. The investor was SpaceX.