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SpaceX Buys AI Coding Startup Cursor for $60 Billion

SpaceX buys AI coding startup Cursor for $60 billion

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic an...

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SpaceX to buy AI coding startup Cursor in $60B deal

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SpaceX Will Buy AI Coding Firm Cursor For $60 Billion

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AP delivers stellar all-formats coverage of SpaceX stock debut that turned founder Elon Musk into the world’s first trillionaire

When rocket company SpaceX filed with regulators to sell shares to the public for the first time, the AP markets team knew the IPO would resonate far beyond the stock market.

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Musk’s SpaceX plots $28b bond deal after record IPO

The bond is expected to be at least $US20 billion ($28 billion), and the calls may kick off on Monday, said the people, who asked not to be identified because they’re not authorised to speak publicly.

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SpaceX to Acquire Cursor in $60B Stock Deal, Deepening Elon Musk’s AI Empire

SpaceX will buy Cursor parent Anysphere in a $60B all-stock deal, giving Elon Musk’s company a major AI coding asset days after its IPO.

SpaceX stock price drops after Cursor purchase. How low could it go?

Not everyone believes SpaceX is overvalued, though. Investment bank Oppenheimer and Co. raised its projection for SpaceX stock from $190 to $250 following the acquisition disclosure. Analyst Timothy Horan said that SpaceX "owns every layer of the AI stack, giving it cost and quality advantages," and that Cursor is a major component of that.

3don MSN

Days after record IPO, SpaceX is spending $60B to acquire AI startup Cursor

The deal signals SpaceX's growing focus on artificial intelligence and software development as well as rocket building.

SpaceX is buying AI coding startup Cursor for $60 billion

Elon Musk's rocket company announced on Tuesday that it had exercised its option to buy AI coding startup Cursor for $60 billion.