Spectators watch the screens in Times Square showing visuals of Elon Musk and SpaceX branding at the Nasdaq MarketSite Exchange in Times Square on Friday. Elon Musk celebrated the Nasdaq opening bell Friday as SpaceX prepared to start trading publicly, cementing his status as a trillionaire. Photo by John Angelillo/UPI | License Photo
June 16 (UPI) -- SpaceX has reached an agreement to buy AI coding company Cursor for $60 billion, a filing with the U.S. Securities and Exchange Commission says.
The agreement says that Cursor, created by San Francisco tech startup Anysphere, Inc., will become wholly owned by SpaceX when the deal to acquire it goes through later this year. Cursor launched in 2022 and is a tool used in producing computer software.
SpaceX expects the deal to go through in the third quarter of 2026. The company said on social media Tuesday that it has been training an AI model with Cursor.
Shares of SpaceX have continued to climb since its debut on the stock market last week. Shares were up about 16% on Tuesday morning, edging ahead of Amazon and Microsoft.
