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SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for 'our work together'
SpaceX said the pact could let it buy Cursor for $60 billion or pay $10 billion for the coding platform's work later this year.
- SpaceX announced a partnership with Cursor on Tuesday to develop a "coding and knowledge work AI," with an option to acquire the startup for $60 billion or pay $10 billion for project work later this year.
- Earlier, senior Cursor engineering leaders Andrew Milich and Jason Ginsberg joined Elon Musk's company last month, while Cursor began renting computing power from data centers last week using tens of thousands of chips to train its latest model.
- SpaceX described the initiative as combining Cursor's "product and distribution to expert software engineers" with its Colossus supercomputer, which the company claims has the compute power of a million Nvidia H100 chips.
- TechCrunch reported last week that Cursor was eyeing a $50 billion valuation in private fundraising, though the agreement does not specify if payments could be settled in SpaceX stock.
- Observers view the partnership as a move to extract value from Musk's conglomerate ahead of the anticipated SpaceX IPO, noting neither Cursor nor current market leaders possess proprietary models matching Anthropic and OpenAI.
106 Articles
106 Articles
Associated Press News
SpaceX says it can buy AI coding tool Cursor for $60B later this year
SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk’s space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut.
SpaceX strikes deal for $60B option to buy Cursor later this year or pay $10B for ‘work together’ AI collaboration - Tech Startups
SpaceX is moving deeper into artificial intelligence with a high-stakes arrangement that puts a fast-rising coding startup at the center of its plans. The company said it has struck a deal with AI startup Cursor that gives it the right […] The post SpaceX strikes deal for $60B option to buy Cursor later this year or pay $10B for ‘work together’ AI collaboration first appeared on Tech Startups.
SpaceX secures option to buy AI coding startup Cursor for $60B
SpaceX announced the deal on X, pre-empting a New York Times report that framed it as a completed acquisition. The structure gives SpaceX optionality: exercise the call by year end or walk away having paid $10B for shared compute access and joint model work. Cursor CEO Michael Truell called it a partnership to ‘scale up […] This story continues at The Next Web
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