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SpaceX strikes $60 billion deal for the right to buy coding startup Cursor

April 21, 2026
in News
SpaceX strikes $60 billion deal for the right to buy coding startup Cursor
Composite image of Elon Musk and Michael Truell
Elon Musk’s space company SpaceX is partnering with Cursor, a coding startup co-founded by Michael Truell. Fabrice COFFRINI / AFP via Getty Images and Kimberly White/Getty Images for Fortune Media
  • SpaceX, which also owns xAI, announced a partnership with coding startup Cursor.
  • The partnership gives Cursor access to SpaceX’s computing power.
  • The announcement comes as SpaceX preps for a potential IPO later this year.

SpaceX announced Tuesday that it has struck a deal with Cursor that would give it the right to buy the coding startup for $60 billion or pay $10 billion for the work it’s doing if there’s no acquisition.

The partnership with Cursor gives Elon Musk’s space company a major foothold in the AI coding race. Cursor gets access to SpaceX’s computing resources, including Colossus, a supercomputer powered by 200,000 Nvidia GPUs.

“The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models,” SpaceX said in a statement posted on X. “Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.”

Cursor co-founder Michael Truell said in an X post: “Excited to partner with the SpaceX team to scale up Composer. A meaningful step on our path to build the best place to code with AI.”

Read the original article on Business Insider

The post SpaceX strikes $60 billion deal for the right to buy coding startup Cursor appeared first on Business Insider.

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