SpaceX confirms it is buying AI coding startup Cursor for $60 billion

Image for article SpaceX confirms it is buying AI coding startup Cursor for $60 billion
News Source : Business Insider

News Summary

  • The two companies struck a deal earlier this year to collaborate on compute and AI training.
  • Cursor has ridden a wave of popularity for AI-assisted coding tools.
  • The purchase comes days after SpaceX raised a record-breaking $85 billion in the largest IPO in history.
  • The company's valuation has continued to rise in the days after it started trading and closed at a $2.5 trillion on Monday, just below Amazon and above Meta and Tesla.
Elon Musks SpaceX announced the deal with Cursor earlier this year.Allison ROBBERT / AFP SpaceX has announced its first major acquisition after a recordbreaking IPO.

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