It's over spider fags USM will end with all the other Ultimate titles at issue 24

https://www.cbr.com/ultimate-xmen-zack-davisson-reveals-ultimate-marvel-end/

Oh don't worry it will get rebooted later for sure. but here is the catch this won't be the same spider-man you knew but a brand new one. everything will start with a clean state and this version of Peter won't have him married to MJ or having kids.

https://www.youtube.com/watch?v=2QHUZGN6uyk