Cursor, which started in 2022, helped sparked a trend called “vibe coding” as AI coding assistants have become increasingly capable of doing the work of computer programming.

By Aditya Soni and Deborah Mary Sophia June 16 (Reuters) - Elon Musk's SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.

SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI,

SpaceX will move forward with its $60 billion acquisition of AI startup Cursor as Elon Musk's company seeks a competitive edge against Anthropic and OpenAI after its Wall Street debut.

Around the time ChatGPT and Github’s Copilot brought AI to the masses, four MIT classmates with backgrounds in computer science and finance decided they wanted in. They just didn’t quite know how.

SpaceX ( SPCX) disclosed this morning that it is officially acquiring artificial intelligence startup Anysphere, the maker of Cursor, for $60B in stock. The disclosure follows the curious announcement in April, which gave SpaceX the option to acquire Cursor for $60B or pay it $10B for its work.

SpaceX has agreed to buy AI startup Cursor for $60 billion in stock, concluding a deal that was first announced earlier this year. In April, the two companies signed a partnership that saw SpaceX agree to either invest $10 billion into Cursor or buy it outright for $60 billion.