Published on 6/17/2026
SpaceX, owned by the richest man in the world, Elon Musk, agreed to acquire the famous artificial intelligence programming company Cursor in a deal worth up to $60 billion, following the successful offering of SpaceX on the American stock exchange, which led to Musk becoming the first trillionaire in history, according to the American technical report TechCrunch.
The acquisition aims to enhance the capabilities of artificial intelligence and the company’s efforts in this sector following its acquisition at the beginning of the year of “xAI”, also affiliated with Musk, in an attempt to catch up with competitors in the global artificial intelligence race.
It is noteworthy that the company “Curser” was founded in 2022 under the banner of “Anysphere” and achieved great success as one of the most prominent programming tools with artificial intelligence, and the rise of the concept of “Vibe Coding” contributed to the company achieving success and raising huge funds.
Vibe coding is a programming method that depends on explaining the idea in natural language to artificial intelligence, so that it writes the entire code.
The TechCrunch report states that the company was in the midst of raising a new financing round before the start of negotiations with SpaceX, as it almost obtained financing amounting to two billion dollars, making its value about 50 billion dollars.
Billions are not enough
The report reveals that the funding that Curser was going to raise was not enough to make it turn profitable and cover its expenses, indicating that it would have needed other funding in the future.
This is consistent with the company’s record in raising funds, as it raised $2.3 billion at the end of 2025 and before that $900 million in June 2025, and despite this, it now needs other financing.
Curser rejected takeover offers from several technology companies last year, according to a report by the American Wall Street Journal, and instead opted to raise funds that valued it at about $29 billion last year.
For his part, Curser CEO Michael Trowell confirmed that the SpaceX deal guarantees the company the ability to develop its own artificial intelligence models, which he describes as “the most useful in the world,” according to the Wall Street Journal report.
It is noteworthy that the Curser tool allows developers to choose between more than one artificial intelligence model, whether from Open AI, Anthropic, or even SpaceX, and it is considered a direct competitor to the artificial intelligence programming tools from Claude and Open AI.
Why is SpaceX interested in vibe coding?
The Curser deal comes within a group of investment deals announced by SpaceX following its listing on the stock exchange, including a deal worth hundreds of billions with Google and Anthropic.
These deals reinforce SpaceX’s ambition to break into the artificial intelligence sector directed at companies, and the company explains in its statement that the cloud computing capabilities it possesses, in addition to the unique “Curser” products, will help it build the most useful tools in the world.
This deal also had a positive impact on SpaceX shares, as its value jumped about 10%, an increase of about $247 billion on its capital, which amounts to $2.53 trillion, according to a Reuters report.
The report indicates that the price of SpaceX shares increased by 56% of the total value of its initial offering, as the share price has now reached $211, and its initial offering was $135.
