SpaceX Taps Goldman Sachs for IPO and Plans to Acquire AI Startup Cursor Post-Listing

SpaceX is moving ahead with a high-stakes public listing while also laying the groundwork for another major move in artificial intelligence: a planned acquisition of the coding startup Cursor shortly after the IPO, according to people familiar with the matter cited by Bloomberg. The company is expected to proceed with the purchase about 30 days after it begins trading publicly, signaling that Elon Musk’s rocket company is preparing not only for one of the biggest market debuts ever, but also for an expansion into AI software.

Bloomberg also reported that Goldman Sachs is taking the lead role in SpaceX’s IPO bank lineup, a prominent position in what could become one of the largest listings in market history. The bank’s involvement underscores how closely watched the deal is on Wall Street, where investors are looking for signs that SpaceX can translate its dominance in commercial launch and satellite services into a successful public-market debut.

The timing of the planned Cursor acquisition is notable because it would come just after the company transitions from a private to a public firm, raising the profile of how SpaceX intends to use its new access to capital. Cursor, an artificial intelligence coding startup, has become known for tools that help software developers write and edit code more quickly. A deal for that company would deepen SpaceX’s ties to the AI sector at a moment when Musk is also pushing ahead with other technology ventures.

At the same time, SpaceX’s path to the market is drawing scrutiny from outside the company. A separate report from Wired said former OpenAI employees, who helped found a new AI watchdog group, have warned investors that xAI’s safety record and transparency practices deserve closer attention before SpaceX goes public. Their concern is not about SpaceX’s rockets, but about Musk’s broader network of companies and whether risks in one part of that ecosystem could matter to investors in another.

According to the Wired report, the group argues that shareholders should receive more information about xAI’s safety practices and potential regulatory exposure. That warning reflects a growing investor focus on AI governance, data practices and safety controls, especially when companies are connected to high-profile public offerings. For SpaceX, the message is that its market debut will be judged not only on launch revenues and satellite growth, but also on how investors view the wider Musk portfolio.

For now, the reported IPO and acquisition plans remain subject to change, and neither SpaceX nor Cursor has publicly detailed final terms. But taken together, the reports suggest SpaceX is preparing for a transformative period: a public listing potentially valued among the largest ever, a Goldman-led banking push, and a fast-moving effort to expand further into artificial intelligence once it is on the public market.