SpaceX lines up $60 billion deal for AI start-up Cursor
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In a social media post Monday afternoon, SpaceX announced it had started a working relationship with AI coding startup Cursor, which includes an option to buy the company for $60
This move frees Cursor from reliance on Anthropic and OpenAI models, and tees up SpaceX for an even bigger IPO.
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SpaceX said in a post on X that it's obtained the rights to buy coding startup Cursor for $60 billion later this year or pay $10 billion for the work the companies are doing together. "SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI,
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Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.