Just days after its historic IPO, SpaceX has struck a $60 billion deal to acquire AI coding startup Cursor, its first major move as a public company.
The acquisition was months in the making. Months before the deal closed, SpaceX had quietly negotiated a “buy-or-partner” option with Anysphere, the company behind Cursor. The arrangement gave SpaceX the option of pursuing a $10 billion compute partnership or moving ahead with a full acquisition. In the end, the company chose the latter option, completing the $60 billion acquisition.
SpaceX made its stock market debut on June 12, marking one of the most anticipated IPOs in recent years. The company raised significant capital by going public and, within days, used that momentum to announce one of the biggest acquisitions in the AI space.
This did not come entirely as a surprise. Less than two months ago, SpaceX had already announced a partnership with Cursor, along with an option to acquire the startup for $60 billion. That early tie-up signaled that a full acquisition was on the cards, and it has now been officially confirmed.
SpaceX has described AI as a $26 trillion opportunity and sees Cursor as an important part of its plans in the sector. The company has made it clear that AI will be central to its future strategy, with Cursor expected to contribute significantly to those efforts.
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