SpaceX Targets $60B Cursor Deal to Expand AI Control Ahead of IPO
Source: International Business Times, Singapore Edition
Published on: 2026-04-22 08:22
Move into coding tools strengthens Musk's push to own AI infrastructure, software, and compute * SpaceX signs deal with Cursor, possible $60 billion acquisition * Agreement allows $10 billion investment or full buyout later * Cursor develops AI coding tools with rapid revenue and growth * Deal aligns with SpaceX strategy to expand AI infrastructure capabilities SpaceX has struck a deal with AI start-up Cursor that could lead to a $60 billion acquisition an unusually large move for a company best known for rockets and satellite internet. The agreement gives SpaceX the option "to acquire Cursor later this year for $60 billion or pay $10 billion for our work together," the company said in a statement. The structure signals flexibility, but the intent is clear: SpaceX is positioning itself deeper inside the artificial intelligence ecosystem ahead of a potential IPO. What the Deal Actu...
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