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The purchase of Cursor, valued at R$ 306 billion, was announced by SpaceX on June 16, 2026, shortly after the company’s record debut on Nasdaq. It was this public offering that, according to Reuters calculations, made Elon Musk the first trillionaire in history.
The first trillionaire in history, Elon Musk, opened his wallet and closed a deal to pay R$ 306 billion, equivalent to US$ 60 billion, for Cursor, an AI-assisted programming startup, in yet another bet on AI. The information comes from the NSC Total portal, which reported the acquisition made through SpaceX, Musk’s rocket company.
The deal came on the heels of a recent milestone for the company. According to NSC Total, SpaceX announced the purchase of Cursor on June 16, 2026, shortly after debuting on Nasdaq, the New York stock exchange, with a record movement of R$ 438 billion, or US$ 85.7 billion, in the initial public offering. The operation, which includes the transfer of SpaceX shares to Cursor investors, is expected to be completed in the third quarter of 2026, and it was the public offering that, according to Reuters calculations, made Musk the world’s first trillionaire.
The purchase of the startup Cursor for R$ 306 billion
The target of the first trillionaire’s acquisition is a promising AI programming company. SpaceX reached an agreement to buy Cursor, valued at R$ 306 billion, equivalent to US$ 60 billion, in a transaction that involves the transfer of shares from the rocket company to the startup’s investors. It is not a cash payment, but rather a swap for equity participation.
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Cursor is not just any newcomer in the sector. It is a Silicon Valley startup founded in 2022, which has been attracting developers to use artificial intelligence to automate programming. SpaceX had already indicated in April 2026 that it had the right to purchase Cursor, and according to the company itself, the deal is expected to be completed in the third quarter of 2026.
The record debut on Nasdaq and the title of the first trillionaire in history
The acquisition came shortly after a feat that changed SpaceX’s status. The company debuted on Nasdaq, the New York stock exchange, with a record movement of R$ 438 billion, equivalent to US$ 85.7 billion, in the initial public offering. Today, SpaceX is the main asset of Elon Musk’s wealth.
It was this public offering that supported the entrepreneur’s new title. According to calculations by Reuters, SpaceX’s debut on the stock exchange in 2026 was the decisive factor for Musk to become the first trillionaire in history. It is worth remembering that this calculation is based on the market value of his companies, an estimate that fluctuates as stocks rise or fall, and not on a fixed and audited number.
Who is Elon Musk and the new bet on artificial intelligence
The name behind the business is one of the most well-known in global technology. Elon Musk, pointed out as the first trillionaire in history, is a businessman born in South Africa and naturalized American, known for leading technology and innovation companies such as Tesla, SpaceX, and xAI. The purchase of Cursor is his latest bet on artificial intelligence.
The move brings a rocket company closer to the world of software. By acquiring Cursor, whose tool automates code writing with artificial intelligence, Musk expands his presence in the AI area beyond the fronts he already commands. However, the step still depends on the completion expected for the third quarter of 2026 to be fully realized.
Elon Musk, pointed out by Reuters calculations as the first trillionaire in history after SpaceX’s record debut on Nasdaq, which moved R$ 438 billion, or US$ 85.7 billion, in the initial public offering, now uses the rocket company to buy the artificial intelligence startup Cursor for R$ 306 billion, equivalent to US$ 60 billion. The deal, based on exchanging SpaceX shares for a stake in Cursor, is expected to be completed in the third quarter of 2026, and the trillionaire title reflects an asset estimate that varies with the market. With the acquisition, still pending, the entrepreneur who already leads Tesla, SpaceX, and xAI reinforces his bet on programming automation by artificial intelligence.
And you, what do you think about the first trillionaire in history using SpaceX to bet on artificial intelligence? Does it make sense for a rocket company to buy a programming startup for this amount, or does the combination sound strange? Share your opinion and exchange ideas with other readers about technology and business, with respect for different opinions.
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