SpaceX acquired Cursor after their IPO likewise did Facebook with Instagram in 2012. Since xAI was merged with SpaceX before it’s not really unrelated.

Cursor investors and employees are the biggest winners of the SpaceX IPO, even if the IPO flops, they will still get much more out of their Cursor shares than they ever had a right to expect. Some SpaceX employees have been waiting over 10 years for liquidity.