SpaceX Locks in Option to Buy AI Coding Startup Cursor for $60 Billion

The deal gives Elon Musk's combined SpaceX-xAI super company an inroad into AI-assisted coding as it competes directly with OpenAI and Anthropic.

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.