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SpaceX said in April that it had the rights to buy Cursor, or
pay $10 billion to “work together” with the company.
In a regulatory filing Tuesday, SpaceX said that Cursor will
become a wholly owned subsidiary when the deal closes in the
third quarter.
Cursor, made by San Francisco startup Anysphere, is a popular AI
coding assistant. What SpaceX has described as Cursor's wide
“distribution to expert software engineers” is likely part of
what made it attractive to Musk's company, giving it access to a
new customer base.
When it first announced the potential acquisition, Cursor said
the partnership with SpaceX subsidiary xAI would enable it to
build future AI products using xAI's massive AI data center
complex Colossus, based in Memphis, Tennessee.
Cursor, which started in 2022, helped sparked a trend called
“vibe coding” as AI coding assistants have become increasingly
capable of doing the work of computer programming.
Cursor competes with other coding tools like Anthropic's Claude
Code and OpenAI's Codex but also has relied heavily on
partnerships with those larger AI research companies for the
foundations of its technology.
It was Cursor’s Composer, combined with Anthropic’s Claude
Sonnet, that a prominent AI researcher was playing with for
weekend projects when he coined the phrase “vibe coding" in
early 2025.
SpaceX became a public company on Friday in what is largely
considered a successful debut. Shares of the company have jumped
since Friday, and are up 9% before the opening bell Tuesday.
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