SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for 'our work together'

SpaceX said it’s struck a deal with artificial intelligence startup Cursor, obtaining the right to acquire the company for $60 billion later this year, or to pay $10 billion for work they are doing together.

“SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI,” the company said in a Tuesday post on X.

The post landed just before the New York Times published a story saying that SpaceX has agreed to purchase Cursor for $50 billion, citing two people familiar with the situation. The Times subsequently updated its story to reflect SpaceX’s post.

Cursor CEO Michael Truell wrote in a post on X that he’s, “Excited to partner with the SpaceX team to scale up Composer,” referring to his company’s AI model.

“A meaningful step on our path to build the best place to code with AI,” Truell wrote.