Cursor · CNBC Technology
Cursor is in talks to raise $2B at a valuation of over $50B, CNBC confirmed over the weekend
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◎ Multiple-sources
Andreessen Horowitz was slated to co-lead the round, with Nvidia and Thrive Capital also expected to participate.
Key facts
- Cursor is in talks to raise $2 billion at a valuation of over $50 billion, CNBC confirmed over the weekend
- SpaceX said it's struck a deal with artificial intelligence startup Cursor, obtaining the right to acquire the company for $60 billion later this year, or to pay $10 billion for work they
- Elon Musk, SpaceX's founder and CEO, merged the reusable rocket company with his AI startup xAI in February in a deal he valued at $1.25 trillion
- The post landed before the New York Times published a story saying that SpaceX has agreed to purchase Cursor for $50 billion, citing two people familiar with the situation
Summary
SpaceX said it's struck a deal with artificial intelligence startup Cursor, obtaining the right to acquire the company for $60 billion later this year, or to pay $10 billion for work they are doing together. "SpaceXAI and are now working closely together to create the world's best coding and knowledge work AI," the company said in a Tuesday post on X. The post landed before the New York Times published a story saying that SpaceX has agreed to purchase Cursor for $50 billion, citing two people familiar with the situation. Cursor CEO Michael Truell wrote in a post on X that he's, "Excited to partner with the SpaceX team to scale up Composer," referring to his company's AI model. "A meaningful step on our path to build the best place to code with AI," Truell wrote.