SpaceX acquires Cursor: AI programming start-up for $60 billion

Catch-up race Musk's SpaceX Buys AI Experts Cursor for Billions

2026-06-17 Source: dpa | Translated by KI 1 min Reading Time

Related Vendors

tmts2026-ticec-banner-en-2000px (https://www.tmts.tw/en)

Taiwan Machine Tool & Accessory Builders' Association (TMBA)

SIMTOS (Seoul International Machine Tool Show)

Only a few days after the record-breaking IPO, the space and AI corporation SpaceX officially sealed the acquisition of AI specialist Cursor.

Elon Musk's space company SpaceX is launching a catch-up race against its two competitors in the development of generative AI tools. To achieve this, they have dug deep into their pockets and casually acquired Cursor.(Image: SpaceX) — Elon Musk's space company SpaceX is launching a catch-up race against its two competitors in the development of generative AI tools. To achieve this, they have dug deep into their pockets and casually acquired Cursor.
(Image: SpaceX)

The purchase of Cursor by Spacex values the AI programming start-up at $60 billion, according to a published statement. It is considered an important step in Spacex's efforts to catch up with its competitors in the field of programming tools. Spacex's stock also rose sharply in pre-market trading. Cursor investors, according to the agreement, will have the right to acquire Spacex shares based on Cursor's valuation. The deal is expected to be completed in the third quarter of 2026. The acquisition is not surprising: as Spacex already announced in April, it had secured the right to acquire Cursor this year.

Elon Musk's space company SpaceX can look forward to a second rental agreement for computing power for AI applications. The latest deal will start at the end of the year with none other than Google ... (Image:SpaceX)

SpaceX Aims to Close the Gap with Anthropic and "OpenAI"

The acquisition is likely to strengthen Spacex's AI-driven programming capabilities, following the company's recent unprecedented IPO. Spacex is currently competing with Anthropic and "OpenAI" in the development of generative AI tools for consumers and businesses. Cursor offers software that helps programmers write code more efficiently and fix errors more quickly, it is noted. The company rapidly became one of the fastest-growing start-ups of all time and emerged as a key player in the era of so-called Vibe Coding, as demand among software developers for such tools based on chatbot prompts increases.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.