SpaceX Strikes Deal With Cursor for $60 Billion
SpaceX is reportedly acquiring Cursor, an AI startup, for over $50 billion as it prepares to go public. The deal aligns with Elon Musk's efforts to focus SpaceX on AI and orbital data centers.
SpaceX, Elon Musk's rocket and satellite company, is acquiring Cursor, a fast-growing AI startup that makes code-writing software, for over $50 billion. The deal comes as SpaceX prepares to go public in one of the largest initial public offerings ever. In February, SpaceX acquired xAI, Musk's AI startup, valuing the combined company at $1.25 trillion. Cursor, founded in 2022, has raised over $3 billion in funding and was under pressure from competing code-writing products announced by OpenAI and Anthropic. Musk is directing SpaceX to focus on AI and orbital data centers.
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