SpaceX acquires AI coding startup Cursor for $60 billion
By
The Associated Press
Crisped on the outside, thoughtful enough on the inside.
Summary
SpaceX is acquiring AI coding startup Cursor (created by Anysphere) for $60 billion, aiming to gain a competitive edge against rivals Anthropic and OpenAI following its Wall Street debut. The deal, which SpaceX had previously secured rights to in April, will make Cursor a wholly owned subsidiary when it closes in the third quarter. Cursor is a popular AI coding assistant tool.
Key quotes
· 3 pulledSpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor
SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to 'work together' with the company
In a regulatory filing Tuesday, SpaceX said that Cursor will become a wholly owned subsidiary when the deal closes in the third quarter
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