US EditionSpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for 'our work together'
SpaceX said the pact could let it buy Cursor for $60 billion or pay $10 billion for the coding platform's work later this year.
- SpaceX announced a partnership with Cursor on Tuesday to develop a "coding and knowledge work AI," with an option to acquire the startup for $60 billion or pay $10 billion for project work later this year.
- Earlier, senior Cursor engineering leaders Andrew Milich and Jason Ginsberg joined Elon Musk's company last month, while Cursor began renting computing power from data centers last week using tens of thousands of chips to train its latest model.
- SpaceX described the initiative as combining Cursor's "product and distribution to expert software engineers" with its Colossus supercomputer, which the company claims has the compute power of a million Nvidia H100 chips.
- TechCrunch reported last week that Cursor was eyeing a $50 billion valuation in private fundraising, though the agreement does not specify if payments could be settled in SpaceX stock.
- Observers view the partnership as a move to extract value from Musk's conglomerate ahead of the anticipated SpaceX IPO, noting neither Cursor nor current market leaders possess proprietary models matching Anthropic and OpenAI.
60 Articles
60 Articles
SpaceX could take over the AI start-up cursor for $60 billion. What's behind the planned deal.SpaceX is expanding on the AI programming tool market. Tech billionaire's AI and space company Elon Musk has secured the option to buy the AI-specialized AI start-up cursor later this year for $60 billion (around €51 billion). Both companies would now work closely together to "develop the world's best AI for programming and knowledge work," as announced…
SpaceX Locks in Option to Buy AI Coding Startup Cursor for $60 Billion
SpaceX announced Tuesday it has an agreement in place that gives it the right to acquire artificial intelligence coding startup Cursor for $60 billion later this year. If SpaceX does not opt to acquire the company, it will instead pay Cursor $10 billion for the collaborative work the two have already been doing. It is unclear if the payment would be made in SpaceX stock or cash. The company revealed the deal in a post on X. “SpaceXAI and @cursor…
Elon Musk's SpaceX Targets AI Coding Boom With $60 Billion Cursor Deal Option As Grok Parent Looks To Clo
SpaceX is weighing a potential $60 billion acquisition or $10 billion partnership with Cursor to strengthen its AI coding capabilities. Importance Rank: 1
SpaceX announced this Tuesday that it reached an agreement with the artificial intelligence start-up Cursor that gives the company of magnate Elon Musk the option to acquire the signature by the end of this year in an operation that will be valued at $60 billion. “SpaceXAI and @cursor_ai are now working closely together to create the best artificial intelligence in the world for programming and knowledge work,” said the aerospace company in a pu…
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
