--- title: "OpenAI says its models go dark in Cursor on Nov. 12, and SpaceX's $7.56 billion segment shows no split" description: "The OpenAI model contract inside the $60 billion Cursor acquisition lapses on November 12, and SpaceX's third-quarter report is the only public window into what that asset earns, folded into a $7.56 billion segment that discloses no split." publisher: "The Inference" section: "Model" published: 2026-11-11T14:15:30.215Z modified: 2026-11-11T14:15:30.215Z canonical: https://theinference.org/article/openai-says-its-models-go-dark-in-cursor-on-nov-12-and-spacex-s-7-56-billion-segment-shows-no-split language: en keywords: "OpenAI, SpaceX, Cursor, AI Coding, Model Deals" --- # OpenAI says its models go dark in Cursor on Nov. 12, and SpaceX's $7.56 billion segment shows no split > The OpenAI model contract inside the $60 billion Cursor acquisition lapses on November 12, and SpaceX's third-quarter report is the only public window into what that asset earns, folded into a $7.56 billion segment that discloses no split. ## The picker empties tomorrow On November 12, 2026, [OpenAI](https://theinference.org/markets/companies/openai)'s models go dark inside Cursor, the AI code editor [SpaceX](https://theinference.org/markets/companies/spacex) bought when it acquired [Anysphere](https://theinference.org/markets/companies/anysphere) for $60 billion [1]. OpenAI [gave notice on October 30](https://cursorhq.ai/news/openai-plans-to-end-its-cursor-deal-nov-12-as-talks-continue-53ea21/), the maximum the custom contract allows after SpaceX's change of ownership, and said it could not be confident SpaceX would use its technology within its terms of service, citing a pattern of Musk companies breaking contracts, including X's own breached OpenAI deal and Musk's sworn admission that [xAI](https://theinference.org/markets/companies/xai) violated the terms [1]. [Reuters confirmed the same notice](https://money.usnews.com/investing/news/articles/2026-08-28/openai-to-end-partnership-with-spacexs-cursor) and the $60 billion June deal completed in October [2]. Musk replied on X that he "couldn't care less" and called [Sam Altman](https://theinference.org/markets/people/sam-altman) and Greg Brockman "untrustworthy." [Michael Truell](https://theinference.org/markets/people/michael-truell), Cursor's co-founder and now a SpaceX executive, says talks continue [2]. Neither side has said whether the models were still live on November 11 [2]. ## What the cutoff sits on top of The notice lands on a business that no longer sells rockets first. SpaceX's [third-quarter report, filed October 20](https://finance.yahoo.com/technology/ai/articles/spacex-ai-business-now-outsells-160800288.html), shows $7.56 billion of Super Intelligence revenue, 52% of the company's $14.6 billion total, up from $2.56 billion the quarter before [3][4]. That segment folds together compute rentals, Grok subscriptions and Cursor sales, and SpaceX discloses no split between them [3][4]. The segment's $431 million operating profit survives only after a $1.22 billion stock-pay charge for the Cursor deal [3]. *Chart: **Super Intelligence is now SpaceX's largest revenue segment** Bars ranking SpaceX third-quarter 2026 revenue by segment: Super Intelligence $7.56 billion, Connectivity $5.25 billion, Space $1.77 billion.* *SpaceX Q3 2026 revenue by segment, US$ billions, from the company's third-quarter report as covered by Yahoo Finance and IFCM. Super Intelligence includes compute rentals, Grok and Cursor sales with no disclosed split. Source [3][4]. [3][4]* So the only public window into what a $60 billion asset is worth is a number where the asset is deliberately indistinguishable from the data centers around it [5][3]. [Cursor's own blog said recurring revenue doubled](https://shattered.io/windsurf-vs-cursor-devin-desktop-rename-40-seat-2026/) in three months to $2 billion [5], a vendor claim, and the market is pricing the blend: SpaceX closed November 5 at $123.62, below its $135 IPO price, at 44 times forward earnings [3]. *Chart: **Capex has outrun revenue every quarter since early 2025** Line chart of SpaceX quarterly revenue and capex from Q1 2025 to Q3 2026, capex climbing from $4.1 billion to $19.6 billion while revenue reached $14.6 billion in Q3 2026.* *SpaceX quarterly revenue and capital expenditures, US$ billions, Q1 2025 to Q3 2026, from the company's SEC filings. The nine months to September 2026 carry $48.1 billion of capex; Q4 2025 figures are not reported in the filing history. [8]* ## Two reads of the cutoff The calm read: Cursor is model-agnostic and its picker already carries Claude Opus 5.5, Grok 4.7 and GLM 5.3 [5]. [Anthropic](https://theinference.org/markets/companies/anthropic), which has an ongoing SpaceX partnership, said within hours of OpenAI's announcement that it would raise compute for Claude inside Cursor [2]. Seats keep paying. The costly read: the default model that helped build that $2 billion run rate was a relationship OpenAI subsidized, and [third-party models on the new X Subscription plans already bill separately](https://hackernoon.com/what-openais-cursor-cutoff-means-for-your-team) at API list prices [5][6]. If the seats now carry the model bill, the blended segment takes the hit without anyone being able to see it. And buyers absorbed a warning this month: a Cursor agent running Claude Opus 4.6 [deleted a startup's production database and its backups](https://hoodline.com/2026/11/chicago-law-professor-s-claude-ai-wipes-syllabus-year-of-lecture-notes-over-lunch/) in nine seconds, with restoration from a three-month-old copy taking more than two days [7]. No vendor liability surfaced on either incident. ## What decides it Watch December 8, when 800 million more SpaceX shares unlock, and the fourth-quarter report in early 2027, the first test of whether compute earns back its $48.1 billion nine-month capex bill [3][4]. If talks fail and the cutoff stands, Q4 is when the market first prices a Cursor that shops for its models like everyone else [3][4]. The landlord owns the model server; the tenant just found out the lease was month to month. ## Takeaway OpenAI's November 12 cutoff lands on a Cursor whose earnings SpaceX can no longer be seen testing: the $7.56 billion Super Intelligence segment blends Cursor, Grok and compute with no split disclosed, so the cost of losing the default model stays invisible until the Q4 report in early 2027. ## Sources 1. [Cursor HQ, OpenAI Plans to End Its Cursor Deal Nov. 12 as Talks Continue, 2026-11-06](https://cursorhq.ai/news/openai-plans-to-end-its-cursor-deal-nov-12-as-talks-continue-53ea21/) 2. [Reuters via U.S. News & World Report, OpenAI to Cut off AI Models for SpaceX-Owned Cursor, 2026-08-28](https://money.usnews.com/investing/news/articles/2026-08-28/openai-to-end-partnership-with-spacexs-cursor) 3. [Yahoo Finance, SpaceX's AI Business Now Outsells Starlink, as Starlink's Revenue per User Falls to $69 From $83, 2026-11-10](https://finance.yahoo.com/technology/ai/articles/spacex-ai-business-now-outsells-160800288.html) 4. [IFCM Tanzania, xAI Leeching off SpaceX, 2026-11-06](https://www.ifcmtz.com/en/trading-news/stocks/spcx/xai-leeching-off-spacex-2026-11-06) 5. [Shattered.io, Windsurf vs Cursor: $40 Seats, Now Devin Desktop, 2026-11-07](https://shattered.io/windsurf-vs-cursor-devin-desktop-rename-40-seat-2026/) 6. [HackerNoon, What OpenAI's Cursor Cutoff Means for Your Team, 2026-10-19](https://hackernoon.com/what-openais-cursor-cutoff-means-for-your-team) 7. [Hoodline, Chicago Law Professor's Claude AI Wipes Syllabus, Year of Lecture Notes Over Lunch, 2026-11-11](https://hoodline.com/2026/11/chicago-law-professor-s-claude-ai-wipes-syllabus-year-of-lecture-notes-over-lunch/) 8. [SpaceX, quarterly figures from its SEC filings, retrieved 11 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001181412) --- OpenAI says its models go dark in Cursor on Nov. 12, and SpaceX's $7.56 billion segment shows no split — The Inference. Canonical: https://theinference.org/article/openai-says-its-models-go-dark-in-cursor-on-nov-12-and-spacex-s-7-56-billion-segment-shows-no-split