SpaceX secures $60 billion option to acquire AI coding startup Cursor

SpaceX said it reached an agreement with AI coding-tool maker Cursor that grants the rocket company an option to acquire the startup later this year for $60 billion, part of Elon Musk’s push to remake SpaceX into an artificial-intelligence powerhouse ahead of a planned June IPO. The companies will collaborate on building coding and knowledge-work models, leveraging SpaceX’s “Colossus” training supercomputer, which the firm has likened to a million H100-class chips. The pact includes an alternative under which SpaceX would pay $10 billion for joint work if it doesn’t exercise the purchase option. Cursor, developed by San Francisco-based Anysphere, has raised more than $3 billion and is pursuing additional funding. The tie-up underscores how AI startups are aligning with deep-pocketed partners to secure scarce compute, following moves such as Amazon’s multibillion-dollar backing of Anthropic. SpaceX recently merged with Musk’s xAI and is targeting a $1.75 trillion to $1.8 trillion valuation in what could be the largest IPO on record.

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