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SpaceX will acquire AI coding tool Cursor for $60 billion in total sales, companies he announced today. The deal is expected to close in the third quarter.
It comes just two days after SpaceX’s unprecedented IPO and months after SpaceX’s merger with xAI, which resulted in a major overhaul of xAI.
Cursor was one of the first programming tools to support a wide variety of programming languages as an IDE. It’s a branch of Visual Studio Code with great AI integration. However, responsible platforms and major AI companies have also produced similar results.
Cursor has seen significant revenue growth over the past year, but its market share has also declined as Anthropic’s Claude Code has come to dominate the space. Results TechCrunch he also said that the Cursor is struggling to break.
Earlier this year, the Cursor team said its future growth was limited to computing. This year, xAI signed an agreement to give Cursor access to its machine, which foreshadows a big deal with Anthropic and Google in the future. xAI and Cursor also started training models together at that time, including Grok Build, xAI’s coding and knowledge work model.
