SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race

SpaceX has quietly pivoted into the artificial intelligence arms race, committing $60 billion to acquire Cursor, a startup that has become the preferred coding tool for thousands of engineers building the next generation of AI systems. The extraordinary valuation—among the largest ever for a software company—signals that Elon Musk views AI-assisted programming not as a peripheral technology but as essential infrastructure for his broader ambitions in space, energy and autonomous vehicles. The deal underscores a brutal reality now reshaping Silicon Valley: the companies that control the software layer controlling AI development may matter as much as those building the chips.

Reuters·8h ago