SpaceX will transfer ahead with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk‘s house exploration and AI firm seeks a aggressive edge in opposition to rivals Anthropic and OpenAI after its Wall Street debut final week.
SpaceX said in April that it had the rights to purchase Cursor, or pay $10 billion to “work collectively” with the corporate.
In a regulatory submitting Tuesday, SpaceX mentioned that Cursor will change into an entirely owned subsidiary when the deal closes within the third quarter.
Cursor, made by San Francisco startup Anysphere, is a well-liked AI coding assistant. What SpaceX has described as Cursor’s vast “distribution to professional software program engineers” is probably going a part of what made it enticing to Musk’s firm, giving it entry to a brand new buyer base.
When it first introduced the potential acquisition, Cursor mentioned the partnership with SpaceX subsidiary xAI would allow it to construct future AI merchandise utilizing xAI’s large AI knowledge heart advanced Colossus, based mostly in Memphis, Tennessee.
Cursor, which began in 2022, helped sparked a trend called “vibe coding” as AI coding assistants have change into more and more able to doing the work of pc programming.
Cursor competes with different coding instruments like Anthropic’s Claude Code and OpenAI’s Codex but in addition has relied closely on partnerships with these bigger AI analysis firms for the foundations of its know-how.
It was Cursor’s Composer, mixed with Anthropic’s Claude Sonnet, {that a} outstanding AI researcher was taking part in with for weekend initiatives when he coined the phrase “vibe coding” in early 2025.
SpaceX turned a public firm on Friday in what is essentially thought of a profitable debut. Shares of the corporate have jumped since Friday, and are up 9% earlier than the opening bell Tuesday.
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