Written off after the rise of Anthropic’s Claude Code, Cursor now looks to reclaim its crown as a vibe-coding heavyweight with SpaceX’s backing

SpaceX just agreed to buy AI coding startup Cursor for $60 billion. Here's what the blockbuster deal means for Elon Musk's battle with Anthropic and OpenAI.

SpaceX has agreed to acquire AI coding tool developer Cursor for US$60 billion, in a deal that underscores how competition in the AI industry is extending beyond foundation models into the application layer and developer ecosystems.

On a recent Diet TBPN segment, John Coogan and callers Quinn Thompson and Nick Carter spent a chunk of the show trying to make sense of what happened to SpaceX’s (NASDAQ:SPCX) after-hours quote and what it meant for a deal most retail investors had never heard of.

Under the terms, Anysphere shareholders will receive SpaceX Class A common stock reflecting an implied equity value of $60bn for the Cursor developer. This valuation is based on t

Elon Musk’s SpaceX has announced that it will acquire AI -powered coding startup Cursor for $60 billion, as it looks to re-enter the race to develop state-of-the-art coding agents. The move comes as Musk works to improve the coding capabilities of his Grok family of AI models.

Quick ReadSpaceX's $60 billion Cursor acquisition adds an AI application atop its existing compute and intelligence assets.Cursor's explosive adoption among developers signals genuine ROI, making AI-driven coding one of the most monetizable frontiers in the AI race.

Elon Musk, who’s worth an estimated $251.3 billion according to Forbes (as of June 2025), doesn’t spend like most billionaires. He rotates between extreme frugality and wild splurges.