SpaceX Buys Cursor for $60 Billion as Musk Pushes Deeper Into AI Coding
Updated
Updated · The Guardian · Jun 23
SpaceX Buys Cursor for $60 Billion as Musk Pushes Deeper Into AI Coding
3 articles · Updated · The Guardian · Jun 23
Summary
$60 billion would make Cursor one of the biggest AI acquisitions yet, coming just days after SpaceX's record-setting IPO.
Cursor specializes in AI coding tools, a lucrative niche that could strengthen SpaceX and subsidiary xAI in a race where Anthropic and OpenAI have led.
xAI had struggled to gain traction with Grok and other coding products, while also facing scandals and lawsuits tied to the chatbot's outputs.
SpaceX's surging valuation — it briefly topped Amazon last week to rank fifth globally — gives Elon Musk fresh firepower to expand AI ambitions, including data centers in space.
Is the US government using national security to shield its top AI companies from legal accountability?
As the UK bans social media for kids, are tech giants becoming too powerful for any government to regulate?
As its billionaire tax faces legal hurdles, can California collect from the ultra-wealthy before they flee the state?
SpaceX’s $60 Billion Acquisition of Cursor: Transforming AI Coding and Enterprise Software
Overview
SpaceX announced in June 2026 that it will acquire Cursor, a leading AI coding tools startup, for $60 billion, with the deal expected to close in the third quarter of 2026. This move is designed to strengthen SpaceX’s artificial intelligence capabilities, especially within its AI division formed around Elon Musk’s xAI company earlier in the year. Cursor, last valued at $29.3 billion in November 2025, is known for its advanced AI coding tools used by 67% of Fortune 500 companies. The acquisition marks a major step for SpaceX in advancing its AI ambitions and enterprise reach.