SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk‘s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.

Technically, SpaceX had 30 days following its record-shattering public debut to decide on a $60 billion takeover of the AI coding startup Cursor. In the end, all it took was two trading days.

Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence ​in the enterprise AI market.

SpaceX also plans to ramp up its AI investments, so its bottom line should stay in the red for the foreseeable future. Therefore, investors shouldn't be surprised if SpaceX sells

Days after its massive IPO, SpaceX says it is spending $60 billion to buy Cursor — a bet designed to help Elon Musk’s sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI.

SpaceX has agreed to acquire coding startup Cursor in a $60 billion all-stock deal, according to a filing with the U.S. Securities and Exchange Commission (SEC). The acquisition deepens the Elon Musk-led company’s push into artificial intelligence software and developer tools just days after its record-breaking Nasdaq debut.

Quick ReadSpaceX's $60 billion acquisition of Cursor signals the start of a broad AI acquisition strategy from a company now valued at $2.7 trillion.Musk estimates all existing chip fabs produce just 2% of SpaceX's future computing needs,

SpaceX (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.