SpaceX acquires AI coding platform Cursor for $60 billion, signaling a broader push into semiconductor and AI infrastructure.
SpaceX announced a $60 billion acquisition of Cursor, the AI coding platform, marking the start of an aggressive AI-focused acquisition strategy. The deal reflects the company’s shift from aerospace to AI infrastructure, driven by computing needs far exceeding current global capacity.
Valued at $2.7 trillion post-IPO, SpaceX raised $85.7 billion after underwriters exercised the greenshoe option. The company’s S-1 filing highlights ambitions to dominate AI infrastructure, with plans to acquire chipmakers like Intel and CoreWeave to meet demand.
Analysts view the Cursor deal as the first of many, with SpaceX targeting semiconductor and data center expansion at an unprecedented scale. The move underscores Elon Musk’s urgency to secure computing power for future AI applications.