SpaceX says it can buy Cursor later this year for $60 billion
A SpaceX Falcon 9 rocket is displayed exterior a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026.
Patrick T. Fallon | Afp | Getty Images
SpaceX stated it’s struck a take care of synthetic intelligence startup Cursor, acquiring the precise to amass the corporate for $60 billion later this year, or to pay $10 billion for work they’re doing collectively.
“SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI,” the corporate stated in a Tuesday publish on X.
The publish landed simply earlier than the New York Times revealed a narrative saying that SpaceX has agreed to buy Cursor for $50 billion, citing two individuals accustomed to the scenario. The Times subsequently up to date its story to replicate SpaceX’s publish.
Elon MuskSpaceX’s founder and CEO, merged the reusable rocket firm with its AI startup xAI in February in a deal he valued at $1.25 trillion. He’s now poised to take the mixed firm public in what is going to probably be a file IPO.
Cursor is in talks to boost $2 billion at a valuation of over $50 billion, CNBC confirmed over the weekend. Andreessen Horowitz was slated to co-lead the spherical, with Nvidia and Thrive Capital additionally anticipated to take part. Andreessen and Nvidia additionally backed xAI.
Cursor develops instruments to assist software program builders take a look at their coding adjustments and file their actions by way of movies, logs and screenshots. For xAI, the deal represents an effort to catch as much as AI rivals OpenAI, which makes Codex, and Anthropic’s Claude.
Musk beforehand used xAI to amass his social community X, previously Twitter, in an all-stock transaction introduced in March 2025. After a massive exodus of xAI co-founders from the corporate, SpaceX just lately stated it employed two programmers from Cursor, Andrew Milich and Jason Ginsberg.
Tuesday’s announcement comes lower than every week earlier than Musk is scheduled to move to courtroom in Northern California in a high-profile case in opposition to OpenAI CEO Sam Altman, whose firm was an early investor in Cursor.
SpaceX and Cursor did not instantly reply to requests for remark.
—CNBC’s Deirdre Bosa contributed to this report.
WATCH: Early SpaceX investor Chad Anderson talks the company’s massive potential IPO
