KI-Coding-Tool: SpaceX Acquires Cursor for $60 Billion | t3n
A few days after the IPO, SpaceX acquires Cursor, the startup behind the eponymous AI coding platform for $60 billion. This acquisition is set to enhance SpaceX's position in the lucrative AI coding sector.
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A few days after the IPO, SpaceX acquires Cursor, the startup behind the eponymous AI coding platform. Price tag: $60 billion. Just in April 2026, SpaceX secured an option to purchase.
At the end of April, SpaceX secured an option to purchase Cursor. According to reports, Elon Musk's aerospace company intended to buy the provider of the eponymous AI coding platform within the year 2026 for $60 billion or renew the existing partnership valued at ten billion dollars.
SpaceX Brings AI Coding Expertise Onboard
Now the first scenario has occurred. As reported by Reuters, the aerospace and AI conglomerate Cursor was acquired a few days after the record IPO under the agreed terms. With Cursor, xAI, which merged with SpaceX in February 2026, can expand its position in the AI coding sector. Experts say this business area is currently one of the most lucrative in the AI sector.
Although Cursor does not have the size of xAI competitors OpenAI or Anthropic, the startup "has developed some very impressive coding models relative to the costs," explained Matt Britzman, an analyst at Hargreaves Lansdown, to Reuters. This makes the deal a "positive move" for SpaceX.
Developer Requests: Cursor Brings Data
The lack of access to affordable computing infrastructure had recently pressured Cursor's growth. These concerns are likely to be alleviated with the transition under the SpaceX umbrella. SpaceX, in turn, aims to benefit from the data that Cursor has collected regarding the claims and desires of developers. The information about coding requests and design decisions is expected to help the company improve its own AI model, Grok.
SpaceX has announced that it will "soon" release an AI model based on Cursor and xAI's coding agent Grok Build. Developers from both companies are said to have worked together on this prior to the acquisition.
SpaceX Stock: Price Rises by 60%
Meanwhile, the price of SpaceX stock seems to know only one direction following the IPO on June 12, 2026: upward. On Tuesday afternoon (June 16) New York time, the stock is trading at around $216 – a gain of twelve percent compared to the previous day's closing price. Compared to the issue price of $135, this represents an increase of about 60 percent.
If the price holds until market close on Tuesday, SpaceX will exit trading with a valuation of over $2.8 trillion. This would make the IPO newcomer worth more than e-commerce giant Amazon ($2.66 trillion) and the fifth largest company by market capitalization, behind Nvidia, Alphabet/Google, Apple, and Microsoft.