SpaceX to Buy Cursor for $60 Billion in Stock, Making It a Wholly Owned Subsidiary
SpaceX disclosed plans to buy the AI coding tool Cursor days after its record IPO. The $60 billion deal is set to close in the third quarter of 2026.
theverge.comSpaceX announced Tuesday that it will acquire Cursor for $60 billion in stock, according to a securities filing. Cursor, developed by San Francisco-based startup Anysphere and launched in 2022, will become a wholly owned subsidiary upon closing in the third quarter of 2026. The announcement came days after SpaceX completed its initial public offering on Friday, raising $75 billion.
51 trillion. SpaceX posted on social media Tuesday that it has been jointly training an AI model with Cursor and will release it soon. " Cursor stated that teaming with SpaceX subsidiary xAI would enable it to build future software products using xAI's AI data center complex in Memphis, Tennessee.
The acquisition is expected to help SpaceX compete with AI companies including OpenAI and Anthropic, both of which have their own AI coding tools and are expected to go public this year. Neither SpaceX nor Cursor immediately responded to requests for comment. The Associated Press contributed to this report.
