SpaceX completes $60 billion purchase of AI coding firm Cursor

SpaceX has taken full ownership of Cursor, the company known for developing an AI-powered coding assistant. The $60 billion transaction, which the firms first revealed in June, reportedly supplies Cursor with access to "the largest fleet of GPUs in the world."

The acquisition process began months earlier. The two organizations initially joined forces in April to support Cursor's model training work. In its statement, Cursor indicated this new computing capacity will enable development of improved models that can be provided to customers at reduced prices.

SpaceX merged with xAI earlier this year. The resulting entity paid $60 billion to acquire Cursor. In July, xAI officially became SpaceXAI.

Grok 4.5 marked the first joint model. The organizations released Grok 4.5 shortly after the rebranding. It was designed to "excel at coding, agentic tasks and knowledge work" and to deliver results "at far lower costs."

Grok 4.6 followed with expanded capabilities. The newer model was trained to handle real-life tasks including general coding, web development and computer-aided design. Cursor said Grok 4.6 provides an early look at what it can build together with SpaceXAI.

Cursor's leadership noted that the deal will also accelerate work on multimodal systems beyond text-based coding tools.