SpaceX Acquires AI Coding Startup Cursor for $60 Billion
SpaceX, Elon Musk's rocket company, announced on Tuesday its acquisition of AI coding startup Cursor for $60 billion. The company confirmed it exercised an option to buy Cursor, following an initial deal struck earlier this year. This acquisition marks SpaceX's first major deal since its record-breaking initial public offering (IPO).
SpaceX, the rocket company founded by Elon Musk, announced on Tuesday that it is acquiring AI coding startup Cursor for $60 billion. The confirmation came through a filing where SpaceX stated it had exercised its option to purchase the artificial intelligence firm.
The deal for Cursor was initially struck earlier this year, with Tuesday's announcement marking the completion of the acquisition through the exercised option. This acquisition represents SpaceX's first major strategic move following its recent record-breaking initial public offering (IPO).
According to Business Insider, the transaction is valued at $60 billion.
