SpaceX to Buy AI Coding Startup Cursor for $60 Billion

SpaceX has agreed to acquire Cursor, the AI coding startup, for $60 billion, CNBC reports.

The reported price makes the transaction one of the largest acquisitions ever struck in the technology sector. It would pair the rocket and satellite company controlled by Elon Musk with one of the fastest-rising players in AI-assisted software development.

Cursor builds tools that use artificial intelligence to help programmers write, edit and debug code. The startup has become one of the most closely watched names in the coding-assistant market, a segment that has drawn heavy investment from major technology companies racing to automate software development.

CNBC did not report further deal terms in its initial account, including the expected closing date, the structure of the payment, or regulatory conditions. SpaceX has not yet commented publicly beyond the report.

The $60 billion figure dwarfs most recent acquisitions in the AI tooling space. It signals that SpaceX, best known for launch services and the Starlink satellite network, is prepared to make a defining bet on AI software as a core business line rather than a supporting capability.

For Cursor, the deal would deliver an immediate exit at a scale few private software startups reach. It also removes the company from a potential path to an independent listing at a time when investors have been pricing AI infrastructure and tooling firms at steep premiums.

The transaction, if completed as reported, would test antitrust appetite for consolidation at the intersection of AI and aerospace-linked capital. Musk already controls xAI, and a SpaceX purchase of a leading coding-assistant firm would expand his AI holdings across another corporate vehicle.

If the deal closes at the reported terms, expect renewed scrutiny of how Musk allocates AI assets among SpaceX, xAI and Tesla — and a repricing of comparable private coding-assistant startups within weeks.