SpaceX Secures Option to Acquire AI Startup Cursor for $60 Billion
April 22, 2026 – 12:07 pm
SpaceX has announced on X (formerly Twitter) a deal to potentially acquire AI coding startup Cursor from Anysphere for $60 billion later this year, or pay $10 billion for joint AI development work. This comes after a New York Times report framed it as a completed acquisition.
SpaceX announced the arrangement… describing “SpaceXAI” and Cursor as working together to "create the world’s best coding and knowledge work AI."
The post preceded a Times story citing sources stating SpaceX agreed to purchase Cursor for $50 billion, later updated to reflect SpaceX’s framing of the deal as an option.
Michael Truell, Cursor CEO, confirmed the arrangement on X, calling it a partnership to "scale up Composer," referring to Cursor’s proprietary AI model. The option period ends by year-end 2026.
The deal’s outcome depends on joint model development progress. No employee transfer or integration details have been revealed.
Commercial logic for both sides is clear:
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Cursor, a fast-growing startup, has gained traction among Fortune 500 companies and reached $2 billion in annual recurring revenue by February 2026.
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SpaceX, having absorbed Elon Musk’s AI venture xAI, needs a comparable product to Codex from OpenAI and Claude Code from Anthropic. The Colossus supercomputer provides training infrastructure, but lacks a leading application.
The Cursor partnership addresses this gap.