$60 billion deal closed! SpaceX (SPCX.US) completes acquisition of Cursor, adds “ace of programming” to Musk's AI footprint

The Zhitong Finance App learned that SpaceX (SPCX.US) has completed the acquisition of artificial intelligence (AI) programming startup Cursor for 60 billion US dollars. This is a key step for Elon Musk to close the gap with rivals Anthropic PBC and OpenAI.

According to a regulatory document, the deal officially came into effect on August 14, just two months after SpaceX officially announced that it had reached an acquisition agreement.

The acquisition is one of the largest deals in technology history. It aims to help Musk's companies increase investment and build more advanced AI tools to optimize processes for tasks such as coding — and coding is a market with rich commercial value in the AI field. Musk's AI business has now been integrated into SpaceXAI. Previously, the commercialization of its products was limited, and it also experienced a series of layoffs and restructuring.

Cursor's AI assistant was launched in 2023 to help programmers write and debug code more efficiently. As demand from software developers for tools built on chatbot prompts surged, Cursor quickly grew into one of the fastest-growing startups of all time and became a core player in the “vibe coding” (vibe coding) era in the tech world.

Prior to the completion of this deal, SpaceX and Cursor jointly launched the first model Grok 4.5 in July. The two companies said that Grok 4.5 focuses on coding, finance, and law-related tasks, and is less expensive to use than other competitive models. Since then, SpaceX has released the Grok Bot, a product like a team of AI agents that can be dispatched to handle various tasks around the clock. At the same time, SpaceX also launched an upgraded version of the Grok 4.6 model.

In addition to these initiatives, SpaceX has also signed a series of multi-billion dollar cooperation agreements that allow companies such as Anthropic and Google (GOOGL.US) to access its computing resources. However, at a meeting with SpaceX employees in August, Musk said that the company “must succeed at the software level.”

Musk also emphasized that AI is at the core of the company's present and future. “By September, our AI revenue will exceed that of all SpaceX's other businesses combined,” he said at the conference.