tech
SpaceX to buy AI coding assistant Cursor for $60 billion
Updated on: June 16, 2026 / 12:15 PM EDT / CBS News
TL;DR
- SpaceX is buying AI coding assistant Cursor for $60 billion in stock.
- The acquisition aims to bolster SpaceX's AI capabilities and compete with industry leaders.
- Cursor will become a wholly owned subsidiary upon closing the deal in Q3 2026.
- The deal underscores the high demand for AI-based coding.
- SpaceX has been collaborating with Cursor on an AI model to be released soon.
- This move follows SpaceX's recent blockbuster IPO, raising $75 billion.