00:00SpaceX has struck a deal with AI coding startup Cursor, securing the right to acquire the company for $60 billion
00:07later this year,
00:08or pay $10 billion for the work the two firms will do together.
00:12The announcement landed on X just moments before the New York Times reported the acquisition price at $50 billion,
00:19a figure the Times subsequently corrected after SpaceX's post went live.
00:23Cursor CEO Michael Truel welcomed the partnership, saying he was excited to work with the SpaceX team to scale up
00:31Composer,
00:31the startup AI model, calling it a meaningful step on our path to build the best place to code with
00:37AI.
00:38The deal extends to Elon Musk's rapidly expanding AI empire.
00:42He merged SpaceX with XAI in February in a transaction he valued at $1.25 trillion
00:49and is now preparing to take the combined company public in what could be the largest IPO in history.
00:56The move is widely seen as Musk's bid to catch up with OpenAI's Codex and Anthropics Claude in the red
01:03-hot AI coding race.
01:04And the timing is notable, arriving less than a week before the high-profile Musk v. Altman trial begins,
01:11pitting the SpaceX founder against OpenAI's CEO Sam Altman, whose company was an early investor in Cursor.
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