SpaceX closed a deal to acquire Cursor, one of the fastest-growing AI-powered coding tools on the market. The company announced it exercised a buyout option the two parties had agreed upon in spring 2026. The transaction will be settled through a stock exchange, with the deal valued at $60B.
Back on April 22, SpaceX announced a strategic agreement with Cursor through its SpaceXAI division. Under the deal, the two companies agreed to jointly develop models for coding and knowledge processing tasks using the Colossus computing infrastructure.
As part of the April agreement, SpaceX secured the right to either fully acquire Cursor for $60B or pay $10B for the collaborative work already completed — the company opted for the former.
According to SpaceX's statement, the teams from both companies spent the past several months jointly training a new AI model. Its release is planned across two products — Cursor and Grok Build. The development is expected to strengthen the frontier AI direction and expand the capabilities of their AI systems.
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