SpaceX acquires Cursor AI for $60B

What happened

SpaceX is acquiring Cursor for $60B in an all-stock deal. Cursor also launched new features at its first conference, including Origin (a GitHub alternative for code storage and git hosting), smoother transitions between local and cloud agents, and teased a new Cursor model designed to do much more than coding.

Why it matters

Cursor is a widely-used AI coding tool, and this acquisition by SpaceX—a non-software company—signals how deeply AI agents are becoming embedded in core business operations. The deal reflects the high valuations placed on AI productivity tools, even as the market consolidates.

What to watch

Cursor's new model is teased to handle tasks beyond coding, suggesting the tool is expanding beyond its original narrow use case. Origin, the GitHub alternative, will be available on a waitlist.