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SpaceX nears deal with Cursor

Axios·Madison Mills·about 1 month ago
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Madison Mills Add Axios as your preferred source to see more of our stories on Google. Photo illustration: Sarah Grillo/Axios; Photo: Brendan Smialowski/AFP via Getty Images SpaceX said Tuesday it has agreed to a deal with AI coding startup Cursor that could result in an acquisition or $10 billion investment. Why it matters: The deal underscores SpaceX CEO Elon Musk 's push to make his company into an AI powerhouse ahead of its potential IPO , which may be the largest in history. Driving the news: Cursor, the original vibe coding startup, has raised more than $3 billion and has recently been in talks to secure additional funding. SpaceX acquired xAI , Musk's other AI startup, in February. That transaction valued the combined company at $1.25 trillion, according to the New York Times .…

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