SpaceX to Acquire AI Startup Cursor in $60 Billion Deal
Curated by the Inblix editorial team
TechCrunch AI
SpaceX has agreed to acquire AI coding startup Cursor in a massive $60 billion stock deal, just days after its historic IPO. The acquisition is meant to help SpaceX’s AI division catch up to major AI labs, despite facing controversy over its own AI projects. Cursor was on track to raise $2 billion in funding but instead agreed to the deal with SpaceX, which has been restructuring its AI division after recent scandals.
💡 Key Takeaways
- SpaceX's AI division is acquiring AI startup Cursor in a $60 billion stock deal to catch up to major AI labs.
- The acquisition comes after SpaceX's AI division faced controversy over its own AI projects, including generating non-consensual deepfakes of women and children.
- Cursor was previously on track to raise $2 billion in funding but instead agreed to the deal with SpaceX.
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