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Barchart
Barchart
Pathikrit Bose

SpaceX Is Buying Cursor for $60 Billion. What That Means for SPCX Stock.

X Cursor FOR SpaceX SPCX Elon Musk Grok

Elon Musk is known for building companies from scratch or joining them at a very early stage. But he is not known for acquisitions, certainly not for strategic reasons. In 2022, Musk bought Twitter (now called X) for $44 billion to amplify his ideas, protect “free speech,” and build an “everything app.”

This is where SpaceX's impending acquisition of Cursor for $60 billion stands out. Grok — xAI's generative AI platform, which competes with the likes of Anthropic's Claude Code and OpenAI's Codex — has not been able to attract developers to the extent the firm would have desired. That's a gap Musk believes Cursor will fill.

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