SpaceX Obtains Option to Buy Cursor for $60 Billion

In an X post on Tuesday, SpaceX referred to a clumsily named entity called “SpaceXAI”—a term Musk has used before—but that’s not even the big news. The big news is that SpaceX, assuming that’s still what the rocket company that also owns xAI and X the social media app wants to be called,

Kirkland, Gibson Dunn Steer $60 Billion SpaceX, Cursor Plan

Kirkland & Ellis lawyers are guiding artificial intelligence company Cursor in a potential deal to be acquired by SpaceX for $60 billion later this year. Gibson Dunn is steering SpaceX through the transaction.

SpaceX partners with AI startup Cursor, may buy it for $60 bn

SpaceX on Tuesday announced a partnership with AI coding company Cursor and said the alliance comes with an option to buy the startup for $60 billion later this year.

AI startup Cursor in talks to raise $2 billion funding round at valuation of over $50 billion

Artificial intelligence startup Cursor in talks to raise a $2 billion fundraising round at an over $50 billion valuation, which does not include the investment.

Musk's $60 Billion Cursor Bet Comes With a $10 Billion Exit Cost

SpaceX secured a deal giving it the right to buy Anysphere, the parent of AI coding tool Cursor, for $60 billion. However, if Musk walks away, SpaceX will pay $10 billion, making it one of the largest termination fees ever agreed.