16 jun 2026
SpaceX is officially buying Cursor for $60 billion
Days after its massive IPO , SpaceX says it is spending $60 billion to buy Cursor - a bet designed to help Elon Musk's sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI. The takeover was not entirely unexpected: SpaceX announced a peculiar arrangement in April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had been holding off completing the deal while going public.
across the coverage
SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX's unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI. Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It's a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features.
ars technica
coverage · 3 outlets
- 14:48engadget
SpaceX is buying AI coding startup Cursor for $60 billion
- 16:37ars technica
SpaceX to acquire AI coding platform Cursor for $60 billion
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