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

SpaceX Buys A. I. Coding Assistant Cursor For $60 Billion CryptoProwl Tue, June 16, 2026 at 3:02 PM GMT+2 2 min read SPCX SpaceX (NASDAQ: $SPCX) is buying artificial intelligence (A.

I. ) coding assistant Cursor for $60 billion U. S.

in an all-stock deal.   Elon Musk's space exploration and satellite company said Cursor will become a wholly owned subsidiary of SpaceX. The deal is expected to close in the third quarter of this year.

Cursor is an A. I. model developed by San Francisco-based start-up company Anysphere that can code 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 in 2022, Cursor is credited with sparking a trend called “vibe coding,” which is when A.

I. autonomously produces computer software. Vibe coding uses natural language prompts to guide an A.

I. assistant to build, debug, and refine applications rather than manually writing code. The acquisition of Cursor comes as SpaceX looks to grow its role and presence in A.

I. Earlier this year, SpaceX merged with Elon Musk’s A. I.

firm called xAI.   News of the deal comes days after SpaceX held the biggest initial public offering (IPO) ever, raising just over $85 billion U. S.

in a heavily oversubscribed share sale.   SpaceX secured an option earlier this year to either acquire Cursor or pay $10 billion U. S.

for a new partnership with Anysphere. Analysts were quick to say that the purchase of Cursor gives SpaceX a stronger foothold ⁠in the A. I.

coding market where it has lagged rivals such as Anthropic.   Cursor is one of several start-up companies that is using A. I.

to automate coding, a business that offers commercial returns. If the deal to acquire Cursor falls through, SpaceX will pay a termination fee ⁠of $10 billion U. S.

  SpaceX will pay a fee of $4 billion U. S. if the deal fails due to antitrust issues.

SPCX stock has gained more than 20% since its June 12 IPO. The stock is currently trading at $192. 50 U.

S. per share.