Overview
- SpaceX said Tuesday on X that it is partnering with AI coding platform Cursor and secured the right to acquire the startup later this year for $60 billion.
- If SpaceX does not proceed with an acquisition, the company says it will pay $10 billion for the joint work, though payment mix, timing, and decision metrics were not disclosed.
- Cursor will train its Composer model on xAI/SpaceX’s Colossus infrastructure, which SpaceX claims matches roughly one million Nvidia H100-class GPUs, after Cursor said training had been limited by scarce compute.
- The move lands as SpaceX readies a planned IPO targeted around a $1.75 trillion valuation, and TechCrunch reports the purchase decision may be pushed until after the listing.
- The announcement preempted Cursor’s reported $2 billion fundraise near a $50 billion valuation, and follows senior Cursor engineers departing for xAI as the coding tool tops $2 billion in annualized revenue.