SpaceX buys developer of AI tool to write code for 60 billions of dollars in shares a few days after going public. The deal should strengthen the company's AI division, which is undergoing restructuring.
Anysphere's San Francisco startup Cursor is developing an AI assistant for programmers. The company was founded four years ago by graduates of the Massachusetts Institute of Technology (graduates 2022 year). On the eve of takeover by SpaceX, developer Cursor was gearing up for a funding round of Rs 2 billion dollars involving Nvidia, Thrive та Andreessen Horowitz, which was supposed to evaluate the start-up in 50 billions of dollars. However, the aerospace company offered 60 billions of dollars in shares, making the largest purchase of a venture capital business in history.
In April 2026 On the eve of the IPO, SpaceX announced its intention to acquire the startup on unusual terms. In particular, the contract provides for the payment of compensation for termination of the agreement in the amount 10 billions of dollars in favor of a startup. The amount shows that, how much SpaceX was interested in the takeover even before the IPO. They plan to close the deal in the third quarter 2026 year.
The AI direction of SpaceX is built around Elon Musk's company xAI, with which SpaceX merged at the beginning of February this year. The company told investors during the IPO, which sees a potential market for its AI products in value 26 trillions of dollars. For comparison, this is almost half of the combined GDP of all G7 countries combined.
Source: https://universemagazine.com