One of the largest acquisitions in the history of the technology industry! Musk spends $60 billion to acquire Cursor

Kuai Technology reported on August 14 that SpaceX has completed the US$60 billion acquisition of AI programming startup Cursor. For Musk, this transaction is an important step in catching up with Anthropic and OpenAI. According to regulatory documents, the acquisition officially took effect on August 14, local time, and SpaceX announced an acquisition agreement with Cursor two months ago. This acquisition is one of the largest transactions in the history of technology. It is designed to help Musk's companies increase investment and build more advanced AI tools to optimize the process of tasks such as coding, which is a market with rich commercial value in the field of AI. Musk's AI business has now been integrated into SpaceXAI. Previously, its product commercialization was limited and it also experienced a series of layoffs and reorganizations. It is understood that Cursor will launch an AI programming assistant in 2023 to help programmers improve code writing and debugging efficiency. As more and more software developers start using tools that can generate and build software directly based on chatbot prompts, Cursor has quickly grown into one of the fastest-growing startups in the world and has become an important player in the "ambient programming" wave in the technology industry. After the acquisition is completed, the shares held by each of the four post-2000 founders are worth at least US$1.3 billion, and all of them have become billionaires. The team also has access to SpaceX’s large inventory of advanced AI chips. Cursor announced through a blog post: "We will be able to use the world's largest GPU cluster to obtain sufficient computing power to develop models with stronger capabilities and lower operating costs." In July this year, SpaceX and Cursor launched the first joint model Grok 4.5, mainly used for programming, finance and legal tasks. The cost of using Grok 4.5 is lower than other competing models. SpaceX subsequently launched Grok Bot, which is operated by a group of AI agents to receive and complete tasks throughout the day. SpaceX also released the upgraded Grok 4.6 model. SpaceX has also signed multiple multi-billion dollar deals to develop technology for companies including Anthropic and Google.