AI News

ReutersAditya Soni, Deborah Mary Sophia

SpaceX completes all-stock acquisition of AI coding startup Cursor in $60B deal

SpaceX has formally exercised its option and agreed to acquire Cursor in an all-stock transaction valuing the AI coding startup at $60 billion, following Cursor’s IPO. The move is aimed at accelerating SpaceX’s AI coding-tool ambitions as it targets parity with rivals such as Anthropic and OpenAI.

2026-06-16T03:50:52.645607-07:00

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