en.Wedoany.com Reported - On April 21 local time, SpaceX announced via the X platform that it has secured an option to acquire AI programming startup Cursor for $60 billion later this year, or alternatively, pay $10 billion for a collaboration between the two parties. This unique transaction structure has garnered widespread attention in the tech industry. According to Reuters, SpaceX and Cursor are working closely together to build a world-leading programming and knowledge work artificial intelligence.
As a rapidly growing AI startup, Cursor focuses on developing code-writing software, and its product boasts extremely high penetration among professional developers. According to a previous CNBC report, Cursor is undergoing a $2 billion funding round with a valuation exceeding $50 billion. Within just a few years, its annualized revenue has surpassed $1 billion. This potential deal holds multiple strategic values for SpaceX, particularly in catching up with competitors in the AI programming field. Currently, Anthropic's Claude Code and OpenAI's Codex dominate the AI programming market, with even Google co-founder Sergey Brin personally leading a "tiger team" to close the gap.
The core of this transaction lies in the unique complementary capabilities of both parties. SpaceX stated in its announcement on the X platform that it will "combine Cursor's leading product and software expert distribution channels with SpaceX's million-H100-equivalent Colossus training supercomputer to jointly build the world's most useful model." In other words, SpaceX can provide a massive GPU computing cluster, while Cursor contributes top-tier AI programming models and a vast user base, creating a deep software-hardware integration.
Cursor President Oscar Schultz stated that leveraging SpaceX's extensive computational resources will allow for the expansion of model R&D efforts, expressing great optimism for the collaboration and the SpaceX team. Beyond computing power, there is already talent flow between SpaceX and Cursor. Two of Cursor's product engineering leads, Andrew Milich and Jason Ginsberg, joined SpaceX in March of this year to work on SpaceX's lunar projects and xAI. Musk welcomed their addition, stating, "The orbital spaceport and mass driver on the Moon will be incredible."
SpaceX is pursuing this transaction as it is intensively preparing for what could become one of the largest IPOs in history. CNBC and Bloomberg reported that Musk has valued the merged X company at $1.25 trillion. Therefore, acquiring or deeply integrating with a high-growth AI star company is crucial for SpaceX to solidify its AI business narrative before going public. Although financial reports indicate varying accounts of the acquisition price, SpaceX has officially confirmed the $60 billion acquisition option, an amount far exceeding previous market rumors of over $50 billion. This high-profile deal stands at a crossroads—whether it is a key step for SpaceX to deepen its AI footprint or a capital strategy to enhance its business narrative for the upcoming IPO remains to be seen.
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