SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Musk's artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google.
The Cursor acquisition was announced in a SpaceX 8-K filing with the SEC on Tuesday morning. Details of the deal show that Cursor shareholders will receive SpaceX Class A common stock, implying a Cursor equity value of $60 billion.
The SpaceX-Cursor deal is expected to close in the third quarter of 2026, subject to regulatory approvals and other closing conditions.
AI coding tools are among the fastest-growing segments in the AI chatbot race. Over the last eight months, coding technology has rapidly matured and can now build everything from large software projects to websites using plain-language prompts.
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