On May 20, according to Bloomberg, SpaceX is expected to proceed with the acquisition of AI programming company Cursor 30 days after it launches its IPO and begins public trading. If the deal fails, SpaceX will pay a breakup fee of $10 billion. SpaceX plans to publicly release its prospectus as early as May 20, go public on June 12, raise up to $75 billion, and its valuation may exceed $2 trillion.
