Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Business
Anna Wise

Elon Musk’s SpaceX to buy AI coding firm in $60bn deal as valuation rockets after IPO

Elon Musk’s SpaceX has agreed a colossal $60 billion (£44.7 billion) deal to acquire AI coding agent Cursor, further boosting its soaring valuation following a recent stock market debut.

The acquisition news provided a fresh impetus to SpaceX shares, which have been on an upward trajectory since their initial public offering (IPO) on Friday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.