SpaceX to acquire AI coding startup Cursor for $60 billion to rebuild xAI (opens in new tab)

SpaceX has agreed to acquire AI coding startup $60 billion in stock, less than gave it the option to either invest $10 billion or pursue a full buyout. The all-stock deal is expected to close later this year. Cursor is best known for its AI coding tool of the same name. The acquisition is described as a move to help SpaceX strengthen its xAI division, which has faced major internal and public challenges. The group recently saw all 11 of its cofounders leave after . Elon Musk later said xAI “w...