SpaceX closed its acquisition of AI coding startup Cursor for $60 billion in stock on Saturday, the companies confirmed. Cursor announced the closing on its own blog, saying it is now officially part of SpaceX.
The deal began as a partnership SpaceX and Cursor announced in April, with an option to acquire the startup outright, according to TechCrunch. The companies said in June they were moving forward with a full acquisition before closing it this weekend.
Cursor's announcement framed the deal around infrastructure, saying the startup gains access to "the largest fleet of GPUs in the world" through SpaceX's computing operations, TechCrunch reported.
The acquisition follows SpaceX's earlier purchase of Elon Musk's xAI earlier this year, extending the rocket company's reach into AI coding tools and compute, according to TechCrunch.
For developers using Cursor, ownership by a company that runs its own satellite and compute infrastructure is a different bet than a venture-backed startup roadmap. Watch what happens to pricing and product priorities now that Cursor's GPU access runs through SpaceX rather than the open market.