@FinanceYF5: SpaceX announces exercise of acquisition option to acquire Cursor in an all-stock transaction, with the core goal of building the world's most practical artificial intelligence model. Over the past few months, SpaceXAI has jointly trained a model with the Cursor team, which will soon be released on Cursor and Grok Build...
Summary
SpaceX announced the acquisition of Cursor in an all-stock transaction, aiming to build the most practical AI model. Previously, the two sides jointly trained a model that will be simultaneously released on Cursor and Grok Build.
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SpaceX announces exercise of acquisition option to acquire Cursor in an all-stock transaction, with the core goal of building the world’s most practical artificial intelligence model.
Over the past few months, SpaceXAI has jointly trained a model with the Cursor team, which will be released simultaneously on Cursor and Grok Build.
Looking forward to deep collaboration between SpaceX and the Cursor team to jointly advance cutting-edge AI capabilities. https://t.co/RmRRzvuf3v
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"SpaceX and Cursor are now working closely together to create the world’s best coding and knowledge work AI. [...] Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion."
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SpaceX exercises option to acquire Cursor AI in an all-stock deal to build the world's most useful AI models, with a jointly trained model to be released in Cursor and Grok Build.
@XCaptaincc: If the acquisition succeeds, Cursor could multiply its valuation by 10x+ and exit gracefully. That's really impressive. Cursor (Anysphere) started as a few MIT dorm room projects in 2022, and by 2026 it was acquired by SpaceX for $60 billion in an all-stock deal. In just over 4 years...
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