SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for 'our work together'

A SpaceX Falcon 9 rocket is displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California, on March 26, 2026.

SpaceX said on Tuesday that the company has struck a deal with artificial intelligence startup Cursor and has the rights to acquire it for $60 billion later this year, or to pay $10 billion for work they are doing together.

"SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI," the company said in a post on X.

Elon Musk, SpaceX's founder and CEO, merged the reusable rocket company with his AI startup xAI in February in a deal he valued at $1.25 trillion. He's now poised to take the combined company public in what will likely be a record IPO.