Business Technology

SpaceX Eyes $60 Billion Cursor Acquisition

SpaceX Eyes $60 Billion Cursor Acquisition

SpaceX and Cursor have agreed to collaborate on creating advanced AI tools for coding and knowledge work.

Under the terms of the agreement, SpaceX can acquire the startup later this year for $60 billion or pay a $10 billion fee for their joint work.

This move follows SpaceX's recent acquisition of xAI and highlights a rapid consolidation of AI assets under Musk's control.

Analysts suggest the high valuation reflects the growing importance of AI agents in industrial and aerospace applications.

SpaceX Bruno Sanchez-Andrade Nuño from Washington, DC, USA, CC BY 2.0
SpaceX
American private aerospace company
Cursor
Source code editor developed by Anysphere
Elon Musk
Businessman and entrepreneur (born 1971)
XAI
American IT company