{"id":1662,"date":"2026-06-16T22:37:36","date_gmt":"2026-06-16T22:37:36","guid":{"rendered":"https:\/\/usmovingexpertss.com\/?p=1662"},"modified":"2026-06-16T22:37:36","modified_gmt":"2026-06-16T22:37:36","slug":"spacex-agrees-to-buy-ai-startup-cursor-for-60-billion","status":"publish","type":"post","link":"https:\/\/usmovingexpertss.com\/?p=1662","title":{"rendered":"SpaceX agrees to buy AI startup Cursor for $60 billion"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>SpaceX has reached an agreement to buy AI coding company Cursor for $60 billion, a filing with the U.S. Securities and Exchange Commission says.<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=1660\">SC boutique owner arrested 17 times faces state prosecution. Here\u2019s what to know<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The agreement says that Cursor, created by San Francisco tech startup Anysphere, Inc., will become wholly owned by SpaceX when the deal to acquire it goes through later this year. Cursor launched in 2022 and is a tool used in producing computer software.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>SpaceX expects the deal to go through in the third quarter of 2026. The company said on social media Tuesday that it has been training an AI model with Cursor.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Shares of SpaceX have continued to climb since its debut on the stock market last week. Shares were up about 16% on Tuesday morning, edging ahead of Amazon and Microsoft.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Cursor announced in November that it had surpassed $1 billion in annual revenue.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>SpaceX merged with Elon Musk\u2019s xAI in February.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cWe look forward to working closely with the Cursor team to advance our frontier AI capabilities,\u201d SpaceX posted on social media.<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=1659\">SC among the worst states for working dads, study says. Here\u2019s where it ranks &amp; why<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>If the deal to purchase Cursor does not go through. SpaceX agrees to pay a $1.5 billion termination fee and $8.5 billion in computing.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>\u201cExcited to partner with the SpaceX team to scale up Composer,\u201d Michael Truell, Cursor CEO, posted on social media.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Composer is an AI model created by Cursor. The company claims Composer is four times faster than similar AI models.<\/p>\n<p>Read more <a href=\"https:\/\/usmovingexpertss.com\/?p=1657\">What to know about Gavin Newsom, first partner\u2019s finances as DOJ investigates<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p><i>Copyright 2026 UPI News Corporation. All Rights Reserved.<\/i><\/p>\n<p><!-- --><!--]--><!--]--><!-- --><!-- --><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX has reached an agreement to buy AI coding company Cursor for $60 billion, a filing with the U.S.<\/p>\n","protected":false},"author":1,"featured_media":1661,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SpaceX agrees to buy AI startup Cursor for $60 billion - US Moving Experts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/usmovingexpertss.com\/?p=1662\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX agrees to buy AI startup Cursor for $60 billion - 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