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00:02SpaceX agreed to acquire Cursor for $60 billion in stock, according to a Tuesday filing.
00:08SpaceX will pay $60 billion in stock for Cursor, with the deal expected to close in the third
00:13quarter of 2026, The Wall Street Journal reported. The acquisition comes days after SpaceX's public
00:19offering valued the company at more than $2 trillion. Cursor was founded by four MIT graduates
00:24in 2023 and originally operated as an encrypted messaging startup before expanding into AI
00:30coding tools. The company makes a coding tool that lets developers toggle between AI models
00:35from OpenAI, Anthropic, XAI, Google, and others. Cursor competes with Anthropic's Claude Code
00:43and OpenAI's Codex. SpaceX announced in April that it had secured the right to buy Cursor.
00:49The aerospace company said combining Cursor's product with its Colossus supercomputer
00:54will allow it to build the world's most useful models. For all things money, visit Benzinga.com.
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