Playing Catch-Up SpaceX to acquire AI coding platform Cursor for $60 billion Separately, neither could compete. Now they hope they can. Samuel Axon – Jun 16, 2026 12:37 pm | 142 A screenshot of Cursor's current interface. Credit: Cursor A screenshot of Cursor's current interface. Credit: Cursor Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter.
It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI. Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It’s a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features.
Source: https://arstechnica.com/ai/2026/06/spacex-will-acquire-coding-tool-cursor-to-compete-with-anthropic-openai/
It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI. Cursor was one of the first tools to fully bake features that leverage large language models into an IDE. It’s a branch of Visual Studio Code with heavy AI integration. However, incumbent platforms and bigger AI companies have since rolled out comparable features.
Source: https://arstechnica.com/ai/2026/06/spacex-will-acquire-coding-tool-cursor-to-compete-with-anthropic-openai/