Spacex to Acquire AI Coding Platform Cursor in $60 Billion All-Stock Deal

SpaceX announced today it will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, with the deal expected to close in the third quarter. The announcement comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which led to a significant restructuring of xAI. Cursor was an early integrated development environment (IDE) that deeply integrated large language models, but larger AI companies have since launched comparable features.