WASHINGTON: SpaceX is exploring a major deal with an artificial intelligence company co-founded by Pakistani entrepreneur Saleh Asif. The company carries a valuation of around $60 billion.
SpaceX confirmed that it is working with the AI firm Cursor to improve advanced coding and research tools. Both sides aim to build stronger artificial intelligence systems.
The company said the partnership will help it develop better AI models for coding tasks. It also said Cursor will use SpaceX’s large supercomputing system to train its AI models.
Under the agreement, SpaceX may either acquire the AI company for $60 billion or continue joint development. In the case of collaboration, SpaceX could also invest around $10 billion in shared work.
Cursor builds AI tools that generate and edit code. The company competes with major firms such as OpenAI and Anthropic. It already serves thousands of software developers worldwide.
Reports show that Cursor has grown rapidly in recent years. The company claims strong revenue growth and wide adoption. Developers at firms like Nvidia, Adobe, Uber, and Shopify use its tools.
Saleh Asif, a Pakistani entrepreneur, co-founded Cursor with his friends while studying at MIT. He later expanded the company into AI research and coding systems.
The firm raised major funding that pushed its valuation to about $29 billion in 2025. Since then, the company has expanded quickly in the global AI market.
SpaceX said the partnership will speed up AI development. It added that access to high-performance computing will improve model training and performance.
Analysts say the deal shows rising competition in the AI sector. They believe big tech companies now focus heavily on AI infrastructure and coding systems.
Both companies continue discussions on the deal. They also plan deeper collaboration in AI development.
If completed, the agreement could become one of the largest AI transactions in the technology industry.
