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SpaceX cuts a deal to maybe buy Cursor for $60 billion | The Verge

Elon Musk’s SpaceX has an arrangement to buy Cursor, an automated AI programming platform, for $60 billion later this year. Discover insights about spacex cuts

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SpaceX cuts a deal to maybe buy Cursor for $60 billion | The Verge
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Space X cuts a deal to maybe buy Cursor for $60 billion | The Verge

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Space X cuts a deal to maybe buy Cursor for $60 billion

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With an IPO looming for Elon Musk’s Space X / x AI / X combo platter of companies, Space X has announced an odd arrangement to either acquire the automated programming platform Cursor for

60billionorpayafeeof60 billion or pay a fee of
10 billion. Buying this startup that’s focused on AI coding could help x AI’s tools compete with market leader Anthropic, as well as the other competitors. A report by The Information this week said Sergey Brin has directed Google’s “strike team” to help its agentic AI tools catch up, while Sam Altman reportedly declared a “code red” at Open AI last year before shutting down Sora to focus on the Chat GPT superapp and its own Codex tool.

The New York Times first reported a possible deal Tuesday evening, and Space X confirmed it in a tweet.

Space X and Cursor are now working closely together to create the world’s best coding and knowledge work AI. The combination of Cursor’s leading product and distribution to expert software engineers with Space X’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models. Cursor has also given Space X the right to acquire Cursor later this year for

60billionorpay60 billion or pay
10 billion for our work together.

Space X and Cursor are now working closely together to create the world’s best coding and knowledge work AI.

The combination of Cursor’s leading product and distribution to expert software engineers with Space X’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.

Cursor has also given Space X the right to acquire Cursor later this year for

60billionorpay60 billion or pay
10 billion for our work together.

Breakup fees aren’t unusual for a proposed acquisition, but pitching this as “

10billionforourworktogether”onAIis.CNBCandBloomberghavereportedthatMuskvalueshiscombinedXcompaniesat10 billion for our work together” on AI is. CNBC and Bloomberg have reported that Musk values his combined X companies at
1.25 trillion, and CNBC reported a few days ago that Cursor was in the process of raising
2billioninfundingatavaluationof2 billion in funding at a valuation of
50 billion.

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