SpaceX Completes Its $60 Billion Cursor Acquisition
SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk’s bid to gain ground on rivals Anthropic PBC and OpenAI.
The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.
The takeover, one of the largest tech acquisitions ever, is intended to help Musk’s firm bolster efforts to build more advanced AI tools to streamline tasks, including for coding, a lucrative market for AI. Musk’s AI venture, now known as SpaceXAI, previously had limited business adoption and carried out a series of job cuts and restructurings.
Cursor’s AI assistant, launched in 2023, was designed to help programmers write and debug code more efficiently. It became one of the fastest-growing startups of all time and a central player in tech’s “vibe coding” era, as demand surged among software developers for tools that could build based on prompts to a chatbot.
See more: The Trillion-Dollar Trio Goes Public: What Advisors Need to Know About SpaceX, Anthropic, and OpenAI
