$600 Billion! Musk Just Locked In the Future of AI Coding with One Options Contract

Honestly, my first reaction to this news was that it had to be fake.

$600 billion — not $60 billion, but $600 billion — roughly 4,100 “small goals” in RMB. And right now, this money is just buying an “option,” not even a direct acquisition.

That’s the deal SpaceX and Cursor struck last week: SpaceX gets the “option” to acquire Cursor for $600 billion sometime later this year, or alternatively pay $10 billion as a cooperation fee.

This Move Is Classic Musk

If you’re familiar with Musk’s style, you can probably see the logic here — lock up the target with an option, transfer risk to the market, while putting pressure on competitors. This is the same logic as when early SpaceX investors took preferred shares.

What Is Cursor, and Why Is It Worth This Much?

Cursor is one of the highest-valued AI coding tools companies, focused on AI code generation and autocomplete, with over a million developers using it. Its core advantage is deeply integrating LLM capabilities into the IDE, going beyond GitHub Copilot.

What does SpaceX have? The Colossus supercomputer — reportedly a computing cluster of 1 million H100 GPUs.

In other words, Cursor’s product + SpaceX’s compute = some kind of “AI coding superconductor”

I can genuinely see the logic here. If they can directly connect Cursor’s model training capabilities to Colossus, they really could build the world’s most powerful AI coding tool.

But What I Really Care About Is Something Else

If this deal closes, it means AI coding tools officially enter the “super-capital” era. GitHub Copilot is backed by Microsoft, Cursor is now backed by SpaceX, and Anthropic and OpenAI are watching closely too.

The space for small and medium AI coding startups will be further squeezed. Is this a good thing or a bad thing?

My take: In the short term, capital entry can accelerate technology development; in the long term, the track will get more competitive and differentiation will get harder.

I’m ready to watch this drama unfold. What do you think — is SpaceX’s $600 billion worth it?