SpaceX Buys A.I. Coding Assistant Cursor For $60 Billion

CryptoProwl

Tue, June 16, 2026 astatine 8:02 AM CDT 2 min read

SpaceX (NASDAQ: $SPCX) is buying artificial quality (A.I.) coding adjunct Cursor for $60 cardinal U.S. successful an all-stock deal. 

Elon Musk's abstraction exploration and outer institution said Cursor volition go a wholly owned subsidiary of SpaceX. The woody is expected to adjacent successful the 3rd 4th of this year.

Cursor is an A.I. exemplary developed by San Francisco-based start-up institution Anysphere that tin codification for people.  

More From Cryptoprowl:

• Ripple, The Company Behind XRP, Is Valued At $50 Billion

• Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

• Blockchain Projects Decline 75% As Developers Shift To A.I.

• Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

• New York Stock Exchange Invests $600 Million In Polymarket

Launched successful 2022, Cursor is credited with sparking a inclination called "vibe coding," which is erstwhile A.I. autonomously produces machine software.

Vibe coding uses earthy connection prompts to usher an A.I. adjunct to build, debug, and refine applications alternatively than manually penning code.

The acquisition of Cursor comes arsenic SpaceX looks to turn its relation and beingness successful A.I. Earlier this year, SpaceX merged with Elon Musk's A.I. steadfast called xAI. 

News of the woody comes days aft SpaceX held the biggest archetypal nationalist offering (IPO) ever, raising conscionable implicit $85 cardinal U.S. successful a heavy oversubscribed stock sale. 

SpaceX secured an enactment earlier this twelvemonth to either get Cursor oregon wage $10 cardinal U.S. for a caller concern with Anysphere.

Analysts were speedy to accidental that the acquisition of Cursor gives SpaceX a stronger foothold ⁠in the A.I. coding marketplace wherever it has lagged rivals specified arsenic Anthropic. 

Cursor is 1 of respective start-up companies that is utilizing A.I. to automate coding, a concern that offers commercialized returns.

If the woody to get Cursor falls through, SpaceX volition wage a termination interest ⁠of $10 cardinal U.S. 

SpaceX volition wage a interest of $4 cardinal U.S. if the woody fails owed to antitrust issues.

SPCX banal has gained much than 20% since its June 12 IPO. The banal is presently trading astatine $192.50 U.S. per share.