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SpaceX fortifies AI foothold with $60B Cursor deal

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SpaceX fortifies AI foothold with $60B Cursor deal

SpaceX officially owns Cursor after Elon Musk's juggernaut on Friday completed a $60 billion acquisition of the San Francisco-based coding startup. The deal, which was first announced in April, gives SpaceX a boost in its bid to compete with rivals Anthropic and OpenAI. Last month, SpaceX and Cursor debuted Grok 4.5, a joint model that specializes in coding, finance and legal tasks. Musk told SpaceX staff at a recent meeting that "AI will be 99% of the value of SpaceX" within about five years.

3 min read A Admin

SpaceX has officially completed its $60 billion acquisition of Cursor, the artificial intelligence coding startup behind one of the fastest-growing developer tools in the industry. The transaction became effective on August 14, marking a major expansion of...

SpaceX to acquire the AI coding startup Cursor for $60 billion

Article

SpaceX to acquire the AI coding startup Cursor for $60 billion

SpaceX announced it will acquire the AI coding startup Cursor for $60 billion in an all stock transaction. The Cursor deal could bolster SpaceX efforts to compete with rivals like Anthropic and OpenAI, which offer popular coding tools. SpaceX expects the merger to close during the third quarter of this year, according to a filing

1 min read A Admin

SpaceX has announced its plan to acquire the AI coding startup Cursor for $60 billion in an all-stock transaction. The deal is expected to strengthen SpaceX’s capabilities in the AI space and help it better compete with rivals such as Anthropic and OpenAI...