SpaceX has officially purchased Cursor for $60 billion

Days after that Huge IPOSpaceX says it’s spending $60 billion to buy Cursor — a bet designed to help Elon Musk’s sprawling rocket/AI/social media company win lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI.

The acquisition wasn’t entirely unexpected: SpaceX announced… Strange arrangement In April, it agreed to either acquire the programming platform for $60 billion or pay a breakup fee of $10 billion. The company had been delaying completion of the deal while it went public.

in SEC filingSpaceX said it expects to complete the deal during the third quarter of 2026.

Musk previously He expressed his frustration With XAI’s sub-par crypto product, which lags behind popular tools e.g Claude’s Anthropic Code and OpenAI manuscript. Acquiring Cursor, which offers similar tools to automate the programming process, could help fill this gap. The startup has grown tremendously in recent years amid growing demand for more efficient programming tools and a shift toward “Atmosphere coding“In industry.