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SpaceX confirms it is buying AI coding startup Cursor for $60 billion

SpaceX confirms it is buying AI coding startup Cursor for $60 billion

Tom Carter Business 16 Jun, 2026 Americas

Elon Musk's rocket company announced on Tuesday that it had exercised its option to buy AI coding startup Cursor for $60 billion.

Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025.
Elon Musk's SpaceX announced the deal with Cursor earlier this year.

Allison ROBBERT / AFP

SpaceX has announced its first major acquisition after a record-breaking IPO.

Elon Musk's rocket company said in a Tuesday filing that it had exercised its option to buy the AI coding startup Cursor for $60 billion, after the two companies struck a deal earlier this year.

This is a developing story. Check back for updates.

Read the original article on Business Insider

Tom Carter

Source: Business Insider

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