SpaceX agreed to acquire AI‑coding startup Cursor for $60 bn just days after the rocket maker’s explosive IPO. The deal folds Anysphere, Cursor’s parent, into Musk’s expanding AI portfolio, which already includes xAI and its Grok chatbot. By paying with SpaceX shares, the transaction gives Cursor’s investors immediate equity and opens access to SpaceX’s developer network. Deal secures Cursor’s API ecosystem for SpaceX engineers.

Cursor powers code generation for Stripe, Adobe and Nvidia, whose CEO calls it his favourite enterprise AI service. SpaceX will pair the tool with its Colossus supercomputer—about a million H100‑class GPUs—to train models that could outpace current offerings. Early benchmarks show Cursor‑generated snippets run up to 30% faster than manually written code.

The acquisition closes by end of September, with Cursor shareholders receiving SpaceX stock at the agreed price. Analysts say the move shows Musk’s intent to shift the company from a launch‑focused business to a broader technology platform. With the deal finalized, SpaceX now controls a leading code‑automation engine and the compute power to scale it, positioning it to compete with OpenAI’s Codex and Anthropic’s Claude.