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SpaceX, fresh off its blockbuster initial public offering last week, said on Tuesday that it is buying artificial coding assistant Cursor for $60 billion in stock, according to a securities filing.
Elon Musk’s space exploration and satellite company said Cursor, developed by San Francisco startup Anysphere, will become a wholly owned subsidiary when the deal closes in the third quarter of 2026.
Launched in 2022, Cursor helped spark a trend called “vibe coding” as AI coding tools have become increasingly capable of autonomously producing computer software.
On its website, Cursor bills itself as a “coding agent for building ambitious software.”
SpaceX and Cursor did not immediately respond to requests for comment.
The move comes after SpaceX raised $75 billion in its IPO on Friday. On Tuesday, SpaceX shares rose 5% in pre-market trading, reaching $202.11.
