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AAP
AAP
Business
The Associated Press

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

Cursor SpaceX Anthropic OpenAI Elon Musk Artificial Intelligence XAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.

SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to "work together" with the company.

In a regulatory filing Tuesday, SpaceX said that Cursor will become a wholly owned subsidiary when the deal closes in the third quarter.

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