Elon Musk’s SpaceX has struck a deal to buy AI coding agent Cursor for 60 billion US dollars (£44.7 billion) as its valuation continues to rocket days after a record-breaking stock market debut.
Shares in SpaceX have been soaring since Friday’s initial public offering (IPO) and news of the acquisition helped fuel a fresh uplift.
The deal will see Musk’s spaceflight and technology business take over Anysphere, the San Francisco-based company behind the coding platform.
It comes with a hefty price tag which is based on Cursor’s stock valuation.
SpaceX said in April that it had started working with Cursor to jointly train an AI model, and that it had been given the right to acquire the firm.
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