Elon Musk has admitted SpaceX lags behind rivals in the race to build out artificial intelligence. With an $86 billion war chest, the first target is getting enterprise customers who are willing to pay large sums for access to SpaceX's tools and computing power.
SpaceX has acquired autonomous coding agent Cursor, a San Francisco startup that built a product used by the biggest AI labs and companies like Nvidia, British Airways and Deloitte.
The acquisition could drive $26 billion a year in revenue between 2027 and 2029 and help fill in a leadership gap at xAI since Musk said the company needed to be 'rebuilt from the foundations up.'
SpaceX's acquisition could also help the company increase employment to meet Musk's AI ambitions and crack the code on AI development.
