TECH NEWS

SpaceX is officially buying Cursor for $60 billion

Fresh off its blockbuster IPO, Musk’s company wants to catch up to OpenAI and Anthropic in enterprise AI.

by Robert Hart

Jun 16, 2026, 11:41 AM UTC

Image: Cath Virginia / The Verge, Getty Images

Robert Hart is a London-based reporter at The Verge covering all things AI and a Senior Tarbell Fellow. Previously, he wrote about health, science and tech for Forbes.

Days after its massive IPO, SpaceX says it is spending $60 billion to buy Cursor — a bet designed to help Elon Musk’s sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI.

The takeover was not entirely unexpected: SpaceX announced a peculiar arrangementin April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had been holding...

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Cisco's open-weight bug busters take on Google and OpenAI

Don't call them chatbots Who needs expensive frontier models to find software vulns? Cisco has just released two open-weight models that specialize in finding known bugs in existing codebases. The models, Antares-350M and Antares-1B, are part of Cisco’s new Antares family of security small language models (SLMs)

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