Microsoft passed on Cursor bid before SpaceX's $60B deal
Microsoft explored acquiring AI coding startup Cursor but declined to make a formal offer, according to CNBC. This allowed SpaceX to secure exclusive rights to the company in a deal valued at $60 billion. The software giant's decision not to bid left the door open for Elon Musk's aerospace firm to lock up the startup, which develops AI-powered coding tools. The transaction underscores the growing competition for AI talent and technology among major corporations.
Key facts
- Microsoft explored acquiring Cursor
- Microsoft did not make a formal bid
- SpaceX secured rights to Cursor
- The deal is valued at $60 billion
- Cursor is an AI coding startup
- CNBC reported the information
Entities
Institutions
- Microsoft
- SpaceX
- Cursor
- CNBC
Sources
- Quartz —