Elon Musk’s SpaceX has secured an agreement granting it the option to acquire Cursor, a rapidly growing AI coding start-up, for $60 billion as the rocket maker pushes deeper into AI ahead of its hotly anticipated IPO.
The Financial Times reports that SpaceX announced that it is collaborating with Cursor to develop what it describes as the world’s best coding and knowledge work AI, with SpaceX holding an option to purchase Anysphere, Cursor’s parent company, for $60 billion during 2025. Should SpaceX choose not to complete the acquisition, it would owe a $10 billion payment for the partnership work, a figure that would rank among the largest…
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