SpaceX Moves to Buy AI Coding Startup Cursor for $60 Billion After IPO

SpaceX plans to acquire AI coding startup Cursor for $60 billion, roughly one month after its record-breaking IPO, which aims for a $1.75 trillion valuation on Nasdaq. Cursor has grown at extraordinary speed, reaching one million paying users and $1 billion in annualized revenue just two years after launch, becoming a major force in AI-assisted coding. The acquisition would fold Cursor into the expanding SpaceX-xAI ecosystem, strengthening its position against GitHub Copilot and Anthropic’s Claude Code in the enterprise developer tools market. The deal still requires regulatory approval, and failure would trigger a massive $10 billion breakup fee.

Read the full story on The Next Web →