SpaceX is moving to acquire AI coding startup Cursor in a deal valued at $60 billion, multiple outlets report. Business Insider and other sources say SpaceX confirms it has exercised an option to purchase Cursor, formalizing the transaction. Forbes adds that SpaceX and Cursor had agreed earlier in the year, including an option for the rocket company to buy the AI firm.
Several reports describe Cursor as an AI coding “assistant” or “agent,” with The Wall Street Journal and others framing it as an autonomous coding tool. TechCrunch and Bloomberg report that the acquisition is intended to strengthen SpaceX’s AI efforts, including capabilities related to xAI. CBS News and The Verge note that the announcement follows SpaceX’s recent large initial public offering, with CBS saying the company raised $75 billion and The Verge describing the move as a bet aimed at securing enterprise customers.
TechCrunch also states that SpaceX told IPO investors it views a very large potential market for AI, and that the acquisition is expected to support a company AI push while SpaceX works to compete with established AI rivals.
