SpaceX lines up $60 billion deal for AI start-up Cursor
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Partnering with Cursor could be a crucial step for Elon Musk to get ahead of AI rivals like OpenAI and Anthropic.
The FTX bankruptcy estate sold a 5% stake in AI coding startup Cursor for $200,000 in April 2023.That same stake, following SpaceX’s agreement to acquire Cursor at a $60 billion valuation, is now worth approximately $3 billion.
SpaceX's $60B Cursor AI deal isn't just about compute. It's a three-part bet on distribution, the Colossus supercomputer, and the humans behind the code.
SpaceX's agreement to acquire AI coding startup Cursor at a $60 billion valuation has retroactively turned a routine bankruptcy asset sale by FTX's estate into one of the largest missed recoveries in crypto history.
Aman Sanger, co-founder of AI coding platform Cursor, is at the centre stage of a potential $60 billion acquisition or $10 billion partnership with SpaceX. Aman Sanger is an Indian origin entrepreneur who grew up in the United States and he started coding at a very young age.