(Bloomberg) \u2014 SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk\u2019s bid to gain ground on rivals Anthropic PBC and OpenAI.<\/p>\n
The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.<\/p>\n
The takeover, one of the largest tech acquisitions ever, is intended to help Musk\u2019s firm bolster efforts to build more advanced AI tools to streamline tasks, including for coding, a lucrative market for AI. Musk\u2019s AI venture, now known as SpaceXAI, previously had limited business adoption and carried out a series of job cuts and restructurings.<\/p>\n
Cursor\u2019s AI assistant, launched in 2023, was designed to help programmers write and debug code more efficiently. It became one of the fastest-growing startups of all time and a central player in tech\u2019s \u201cvibe coding\u201d era, as demand surged among software developers for tools that could build based on prompts to a chatbot.<\/p>\n
With the deal, Cursor\u2019s co-founders will become billionaires and the startup\u2019s team will gain access to SpaceX\u2019s stockpile of advanced AI chips.<\/p>\n
\u201cWe will have access to the largest fleet of GPUs in the world, giving us the compute to build stronger models that are also more economical to run,\u201d Cursor said in a blog post Friday.<\/p>\n
SpaceX and Cursor launched their first joint model in July, Grok 4.5, ahead of the deal closing. Grok 4.5 focused on coding, finance and legal tasks and was cheaper to use than other competing models, the companies said. Since then, SpaceX released Grok Bot, a product that works like a team of AI agents fielding assignments throughout the day. It also introduced an updated Grok 4.6 model.<\/p>\n
Alongside these efforts, SpaceX has struck a series of multibillion-dollar deals letting companies like Anthropic and Alphabet Inc.\u2019s Google tap into its computing resources. But in a meeting with SpaceX staffers in August, Musk said that the company \u201cmust succeed on the software front.\u201d<\/p>\n
Musk also stressed that artificial intelligence is the present and future of the firm. \u201cOur AI revenue will exceed all other SpaceX revenue by September,\u201d he said in the meeting.<\/p>\n
More stories like this are available on bloomberg.com<\/p>\n
Disclaimer: This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.<\/p>\n
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