SpaceX to buy AI coding agent Cursor for $60bn.


SpaceX said on Tuesday that it has agreed to buy San Francisco-based Anysphere, the owner of AI coding agent Cursor, for $60bn.

SpaceX Falcon 9 launch of the Echostar 105/SES-11 communications satellite from Space Launch Complex 39A at NASA’s Kennedy Space Center Oct. 11, 2017, at 6:53 p.m. EDT.

Source: Sharecast

In a regulatory filing, SpaceX said the deal is expected to close in the third quarter of this year.

SpaceX already announced in April that it had secured an option to buy Cursor later in the year or pay $10bn for a new partnership.

"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," it said at the time.

News of the acquisition came just days after SpaceX’s blockbuster $75bn initial public offering on the Nasdaq.

SpaceX shares were on course to open 7% higher when trading gets underway on Wall Street later.

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.