- SpaceX has officially completed its $60 billion acquisition of Cursor AI startup Anysphere, making Cursor a wholly owned subsidiary of the space company.
- The SPCX stock is down on the news, falling at the market open today.
- In April, SpaceX and Cursor announced a partnership to develop technologies, which included an option for SpaceX to acquire Cursor for $60 billion.
- Two months later, after SpaceX went public, the parties stated that they were moving toward finalizing the acquisition.
- In July, xAI officially became SpaceXAI.
- Shortly after the new name was announced, the companies released the first model SpaceXAI and Cursor built together.
- Since then, they have released Grok 4.6, which builds on 4.5.
SpaceX has officially completed its acquisition of Cursor, a startup specializing in artificial intelligence tools for programming, for $60 billion. The deal, which was first announced in April, has now made Cursor a wholly owned subsidiary of SpaceX.134
Cursor's announcement highlighted that it will now have access to the world’s largest fleet of graphics processing units (GPUs), which is crucial for scaling AI technologies. The startup noted that this computing power will enable it to build and train better models at a lower cost for its clients, including major companies like Anthropic and Google.
The acquisition follows a partnership established in April, where both companies aimed to develop advanced technologies. Cursor's capabilities will be enhanced significantly as it integrates with SpaceX's extensive computing infrastructure, which is essential for its model training efforts.
Despite the potential benefits, the news of the acquisition has led to a decline in SPCX stock, which fell at market open today. Investors appear to be weighing the long-term implications of this significant investment on SpaceX's overall strategy and financial health.
In its announcement, Cursor emphasized that the acquisition will allow it to leverage SpaceX's computing power to enhance its AI offerings, including the recently released Grok 4.6 model, designed for tasks like coding and web development. This model is expected to deliver results at significantly lower costs, showcasing the potential of the collaboration between SpaceX and Cursor.
“Cursor will now access SpaceX's world's largest GPU fleet, enabling it to build and train better models at lower costs. The deal follows an April partnership and the release of Grok 4.6, which was trained for coding and web development tasks.”
