SpaceX acquires AI coding platform Cursor for $60 billion in all-stock deal
By
Samuel Axon
Crispy enough to crunch, soft enough to enjoy. A good bake.
Summary
SpaceX is acquiring AI coding platform Cursor for $60 billion in an all-stock deal, expected to close in Q3. The acquisition follows SpaceX's recent IPO and the merger of SpaceX with xAI. Cursor is an AI-integrated fork of Visual Studio Code that was an early adopter of large language model features in an IDE. The deal aims to combine the strengths of both companies to compete more effectively against larger incumbent platforms.
Key quotes
· 5 pulledSpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today.
The deal is expected to close in the third quarter.
It comes just two days after SpaceX's unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI.
Cursor was one of the first tools to fully bake features that leverage large language models into an IDE.
Separately, neither could compete. Now they hope they can.
You might also wanna read
SpaceX Announces Potential $60 Billion Acquisition of AI Programming Platform Cursor
SpaceX has announced an unusual arrangement to potentially acquire Cursor, an automated AI programming platform, for $60 billion later this
The Verge·1mo ago
SpaceX Secures Option to Acquire AI Startup Cursor for $60 Billion
SpaceX has entered into a deal with AI startup Cursor that gives SpaceX the option to acquire the code-writing software company for $60 bill
nytimes.com·1mo ago
SpaceX acquires Cursor for $60 billion in post-IPO push to compete in enterprise AI
SpaceX, fresh off its IPO, is acquiring the programming platform Cursor for $60 billion in a move to strengthen its enterprise AI capabiliti
The Verge·17h ago
SpaceX acquires AI coding start-up Cursor for $60bn days after record IPO
SpaceX has agreed to acquire AI coding start-up Cursor (maker of Anysphere) for $60 billion, just days after SpaceX's record-breaking IPO on
bbc.com·9h agoSpaceX acquires AI coding start-up Cursor for $60bn days after record IPO
SpaceX has agreed to acquire AI coding start-up Cursor (maker of Anysphere) for $60 billion, just days after SpaceX's record-breaking IPO on
bbc.com·9h agoSpaceX Says It Has Agreement to Acquire Cursor for $60B
Graphite Code Review Platform Joins Cursor in AI Development Tools Acquisition
Graphite, a code review platform for GitHub teams, has signed a definitive agreement to join Cursor, an AI-powered software development tool
graphite.com·5mo ago