SpaceX has signed a $60 billion deal with AI coding tool developer Cursor, securing an option to purchase the startup later this year. The companies announced they are collaborating to create “the world’s best coding and knowledge work AI.” This move is part of Elon Musk’s strategy to transform the rocket company into an AI leader ahead of a potential IPO, with pre-IPO share values surging nearly 300% on platforms like Jupiter.
SpaceX announced a strategic $60 billion deal with AI coding tool maker Cursor. “SpaceXAI and CursorAI are now working closely together to create the world’s best coding and knowledge work AI,” according to a Wednesday press release from the company.
The agreement includes an option for SpaceX to purchase the startup later this year. This deal aligns with CEO Elon Musk’s plan to build an AI behemoth, following his merger of SpaceX with his xAI startup in February.
Investor anticipation is high for SpaceX’s upcoming IPO launch. Pre-IPO valuations are reportedly skyrocketing as investors vie to explore the company’s shares.
SpaceX pre-IPO synthetic shares have risen nearly 300% on the platform Jupiter. These digital tokens mimic the price of the real asset, tracking SpaceX’s current valuation of $1.7 trillion.
The company reportedly intends to debut at a $2 trillion valuation. As mentioned in commentary, this could position SpaceX as more valuable than Tesla and Meta.
