A SpaceX Falcon 9 rocket is displayed exterior a Area Exploration Applied sciences Corp. facility in Hawthorne, California, on March 26, 2026.
Patrick T. Fallon | Afp | Getty Photos
SpaceX stated it is struck a cope with synthetic intelligence startup Cursor, acquiring the fitting to accumulate the corporate for $60 billion later this yr, or to pay $10 billion for work they’re doing collectively.
“SpaceXAI and @cursor_ai at the moment are working intently collectively to create the world’s finest coding and data work AI,” the corporate stated in a Tuesday put up on X.
The put up landed simply earlier than the New York Occasions revealed a narrative saying that SpaceX has agreed to buy Cursor for $50 billion, citing two folks conversant in the scenario. The Occasions subsequently up to date its story to mirror SpaceX’s put up.
Cursor CEO Michael Truell wrote in a put up on X that he is, “Excited to companion with the SpaceX crew to scale up Composer,” referring to his firm’s AI mannequin.
“A significant step on our path to construct the very best place to code with AI,” Truell wrote.
Elon Musk, SpaceX’s founder and CEO, merged the reusable rocket firm together with his AI startup xAI in February in a deal he valued at $1.25 trillion. He is now poised to take the mixed firm public in what is going to possible be a document IPO.
Cursor is in talks to boost $2 billion at a valuation of over $50 billion, CNBC confirmed over the weekend. Andreessen Horowitz was slated to co-lead the spherical, with Nvidia and Thrive Capital additionally anticipated to take part. Andreessen and Nvidia additionally backed xAI.
Cursor gives instruments to assist software program builders take a look at their coding modifications and document their actions through movies, logs and screenshots. For xAI, the deal represents an effort to catch as much as AI opponents OpenAI, which makes Codex, and Anthropic’s Claude.
Musk beforehand used xAI to accumulate his social community X, previously Twitter, in an all-stock transaction introduced in March 2025. After a large exodus of xAI co-founders from the corporate, SpaceX stated lately it employed two programmers from Cursor, Andrew Milich and Jason Ginsberg.
Tuesday’s announcement comes lower than per week earlier than a path begins in Musk v. Altman a high-profile case between the SpaceX founder and OpenAI CEO Sam Altman, whose firm was an early investor in Cursor.
SpaceX and Cursor did not instantly reply to requests for remark.
—CNBC’s Deirdre Bosa contributed to this report.
WATCH: Early SpaceX investor Chad Anderson talks the corporate’s large potential IPO
