SpaceX will proceed with its planned $60 billion acquisition of AI coding startup Cursor, deepening Elon Musk’s push into artificial intelligence just days after the company’s Wall Street debut boosted its market value.
A regulatory filing on Tuesday showed the transaction is expected to close in the third quarter, with Cursor becoming a wholly owned subsidiary. SpaceX had previously secured rights to acquire the company or pursue a partnership arrangement valued at roughly $10 billion.
The deal gives SpaceX access to one of the fastest-growing products in AI-assisted software development. Cursor, developed by San Francisco-based Anysphere, has gained broad adoption among professional programmers and emerged as a major player in AI coding tools.
The acquisition also strengthens SpaceX’s position in an increasingly competitive AI landscape dominated by companies including OpenAI and Anthropic. For Musk’s broader AI ambitions, Cursor adds both developer reach and software distribution channels that are difficult to build organically.
Cursor had already outlined plans to collaborate with xAI, SpaceX’s AI affiliate, using the Colossus computing infrastructure in Memphis to support future products.
Founded in 2022, Cursor helped accelerate the rise of so-called “vibe coding,” a trend in which increasingly capable AI systems handle larger portions of programming work.
The transaction comes as investors continue to push SpaceX shares higher following last week’s market debut, with the stock gaining in premarket trading Tuesday.