SpaceX to buy AI coding assistant Cursor for $60 billion

SpaceX is acquiring artificial intelligence coding assistant Cursor for $60 billion in stock, according to a securities filing. The deal aims to make Cursor, developed by San Francisco startup Anysphere, a wholly owned subsidiary of Elon Musk's space exploration company.

The acquisition follows SpaceX's recent blockbuster initial public offering, which raised $75 billion. Cursor, launched in 2022, has been at the forefront of a trend known as "vibe coding," where AI tools increasingly assist in autonomous software production. The company describes itself as an "coding agent for building ambitious software."

SpaceX shares saw a 5% rise in pre-market trading on Tuesday, reaching $202.11, following the IPO announcement. The terms of the deal indicate it is expected to close in the third quarter of 2026. Neither SpaceX nor Cursor immediately responded to requests for comment.