SpaceX has agreed to acquire AI-powered coding assistant Cursor in a landmark $60 billion all-stock deal, marking one of the largest AI acquisitions to date and deepening Elon Musk’s reach into advanced artificial intelligence. The transaction, announced on June 17, 2026, is expected to close in the fourth quarter pending regulatory approvals.
Cursor, valued at roughly $9 billion in its last private round earlier this year, has rapidly become a favorite tool among software engineers for its ability to generate, edit, and debug code using advanced large language models. The company, founded in 2023, powers workflows at thousands of development teams and has seen explosive adoption in the tech sector.
SpaceX plans to integrate Cursor’s technology across its engineering organization to accelerate rocket design, flight software development, Starlink constellation management, and autonomous systems for Starship. The acquisition aligns with Musk’s vision of combining elite AI capabilities with hardcore engineering to maintain competitive edges in space and defense projects. Insiders say the deal also reflects SpaceX’s need for proprietary AI tools less reliant on external providers.
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