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SpaceX Drops $60 Billion on Cursor to Close the Coding AI Gap

SpaceX has acquired Anysphere, the company behind AI coding assistant Cursor, for $60 billion in a stock deal, just days after SpaceX's Nasdaq IPO. The acquisition is driven by xAI's need to close the gap with OpenAI and Anthropic in AI-assisted coding, while also addressing a significant talent shortage within the division. Cursor gains access to SpaceX's large chip stockpile, and the two companies are already jointly developing a new AI model.

16 Jun 2026