Musk Expands AI Empire with Major Move: SpaceX Completes $60 Billion Acquisition of Cursor

Odaily News - SpaceX has completed its $60 billion acquisition of AI coding startup Cursor, marking a key step for Musk in catching up with rivals Anthropic and OpenAI in the AI space.

According to regulatory filings, the deal took effect on August 14, two months after SpaceX officially announced it had reached an acquisition agreement. The acquisition is one of the largest tech deals in history, aimed at helping Musk's companies intensify efforts to build more advanced AI tools that simplify tasks including coding—a lucrative market in the AI sector.

Musk's AI venture, now named SpaceXAI, previously had limited commercial applications and underwent a series of layoffs and restructuring. Cursor's AI assistant, launched in 2023, is designed to help programmers write and debug code more efficiently. It became one of the fastest-growing startups ever and played a central role in the tech industry's "vibe coding" era, when software developers saw surging demand for tools capable of building based on chatbot prompts. (Jin10)