SpaceX says it can buy Cursor later this year for $60 billion or pay $10 billion for ‘our work together’

“SpaceXAI and @cursor_ai 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 just as 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.

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. He’s now poised to take the combined company public in what will likely be a record IPO.

Cursor is in talks to raise $2 billion at a valuation of over $50 billion, CNBC confirmed over the weekend. Andreessen Horowitz was slated to co-lead the round, with Nvidia and Thrive Capital also expected to participate. Andreessen and Nvidia also backed of xAI.

Cursor develops tools to help software developers test their coding changes and record their actions via videos, logs and screenshots.

—CNBC’s Deirdre Bosa contributed to this report.

This is breaking news. Please refresh for updates.