SpaceX to buy AI coding assistant Cursor for $60 billion
Summary
SpaceX announced it will buy the AI coding assistant company Cursor for $60 billion in stock. The purchase is expected to finish by the third quarter of 2026, making Cursor a fully owned part of SpaceX.Key Facts
- SpaceX recently completed a large initial public offering (IPO), raising $75 billion.
- The company plans to buy Cursor, an AI tool that helps write computer software.
- Cursor was created by the startup Anysphere in San Francisco and started in 2022.
- The deal will be paid in SpaceX stock and is set to close in late 2026.
- Cursor calls itself a "coding agent for building ambitious software."
- After the deal news, SpaceX shares rose 5% in early trading to $202.11.
- SpaceX and Cursor did not comment immediately after the announcement.
- The acquisition follows a growing trend of using AI to assist or automate software creation.
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