SpaceX has agreed to buy AI coding start-up Cursor for $60bn (\u00a345bn) just days after its bumper initial public offering (IPO).<\/p>\n
Elon Musk’s rocket company will take over Anysphere, which makes the artificial intelligence coding agent.<\/p>\n
The move comes after SpaceX joined New York’s tech-focused Nasdaq stock exchange on Friday in the biggest ever listing<\/a>, valuing it at more than $2tn and raising $85.7bn<\/a>.<\/p>\n The companies have been partners since April, when SpaceX announced it had the right to either buy it for $60bn, or pay $10bn for the work they have done together.<\/p>\n Like OpenAI and Anthropic, Cursor’s technology uses AI to automate the process of writing code, one of the most prominent current uses for artificial intelligence.<\/p>\n Its tie-up with SpaceX comes as Musk’s company tries to catch up with rivals by growing its AI business, xAI, which is behind the controversial Grok chatbot.<\/p>\n Announcing the partnership in April, SpaceX said: “The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.”<\/p>\n Cursor is used by major companies including Stripe, Adobe and Nvidia, whose boss Jensen Huang has described it as his “favourite enterprise AI service”.<\/p>\n SpaceX said the deal would be completed by the end of September, with Cursor’s shareholders paid with $60bn worth of SpaceX shares.<\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX has agreed to buy AI coding start-up Cursor for $60bn (\u00a345bn) just days after its bumper initial…\n","protected":false},"author":2,"featured_media":641685,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-641684","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/641684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=641684"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/641684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/641685"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=641684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=641684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=641684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}