AI coding tool: SpaceX acquires Cursor for $60 billion

At the end of April, SpaceX secured a purchase option for Cursor. Accordingly, Elon Musk’s space company wanted to buy the provider of the AI ​​coding platform of the same name for $60 billion in the course of 2026 or to renew the existing partnership worth ten billion dollars.

SpaceX holt KI-Coding-Expertise an Bord

Now the first scenario has occurred. As Reuters reports, the space and AI group took over Cursor on the agreed terms a few days after the record IPO. With Cursor, xAI, which merged with SpaceX in February 2026, can expand its position in the AI ​​coding space. According to experts, this business area is currently one of the most lucrative in the AI ​​sector.

While Cursor doesn’t have the size of xAI competitors OpenAI or Anthropic, the startup “has developed some very impressive coding models relative to the cost,” Matt Britzman, an analyst at Hargreaves Lansdown, told Reuters. That makes the deal a “positive move” for SpaceX.

Developer requests: Cursor brings data

The lack of access to cheap computing infrastructure has recently weighed on Cursor’s growth. These worries should now be over with the move under the SpaceX umbrella. SpaceX, in turn, wants to benefit from the data that Cursor has collected about the developers’ needs and wishes. The information about coding requests and design decisions is intended to help the group improve its own AI model Grok.

SpaceX has announced that it will “soon” release an AI model based on Cursor and xAI’s coding agent Grok Build. Developers from the two companies are said to have worked on this together before the takeover.

SpaceX shares: price rises by 60 percent

Meanwhile, as a result of the IPO on June 12, 2026, the price of SpaceX shares only seems to be heading in one direction: upwards. As of Tuesday afternoon (June 16), New York time, the stock was trading at around $216 – an increase of twelve percent compared to the previous day’s closing price. Compared to the issue price of $135, this represents an increase of around 60 percent.

If the price holds until the market closes on Tuesday, SpaceX will go out of trading with a valuation of a good $2.8 trillion. This would mean that the newcomer to the stock market would suddenly be worth more than the e-commerce group Amazon ($2.66 trillion) and the fifth largest company by market capitalization behind Nvidia, Alphabet/Google, Apple and Microsoft.