• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Saturday, July 25, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • FIFA World Cup
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

SpaceX eyes $60bn acquisition of Pakistani co founded AI startup

Published on: April 24, 2026 5:49 PM

SpaceX has announced a major artificial intelligence partnership with Cursor, a fast-growing company co-founded by Karachi-born entrepreneur Sualeh Asif. Under the agreement, SpaceX has secured the option to acquire the startup later this year for $60 billion, placing Cursor at the centre of the rapidly expanding AI coding industry.

The collaboration aims to combine Cursor’s advanced AI coding software with SpaceX’s large-scale computing infrastructure, including its powerful “Colossus” training supercomputer. Company officials said the partnership could enable the development of highly capable AI models designed to support software engineers and knowledge-based professionals across multiple industries.

Read more : Pakistani co-founder AI startup Cursor eyes $60bn SpaceX deal

Cursor, founded in 2022 and headquartered in San Francisco, develops artificial intelligence tools that help programmers generate, edit and manage software code more efficiently. The company operates in a highly competitive market alongside products such as GitHub Copilot and Codex, which have gained rapid adoption among developers worldwide.

Meanwhile, industry analysts say the partnership could significantly strengthen the AI ambitions of Elon Musk, whose companies have increasingly expanded into artificial intelligence development. Cursor is already widely used by millions of developers across thousands of enterprises, including major technology firms that rely on AI tools to automate complex programming tasks.

Read more : SpaceX targets late 2026 for first uncrewed Starship landing on Mars

The rise of Sualeh Asif has also drawn strong attention within Pakistan’s technology community. Originally from Karachi, he studied at Massachusetts Institute of Technology after attending Nixor College and later co-founded Cursor with fellow researchers, building one of the fastest-growing AI startups globally with more than $1 billion in annualised revenue.

If SpaceX proceeds with the acquisition, the deal could become one of the largest transactions in the artificial intelligence sector and significantly reshape the AI coding market. Observers say the development also highlights the growing influence of global tech entrepreneurs of Pakistani origin in shaping the future of advanced technologies.

Filed Under: Business, World Tagged With: AI coding tools, AI startup acquisition, Latest, Pakistani tech success, SpaceX AI partnership, SpaceX Cursor deal, Sualeh Asif

Submit a Comment




Primary Sidebar




Latest News

Rare wave-like clouds amaze California skywatchers

Badshah wife Isha Rakhi sparks split rumours with cryptic post

India’s exam leak scandal shatters students’ dreams

Atif Aslam announces first album in 19 years

MQM-P vows street movement over local government powers

Pakistan

MQM-P vows street movement over local government powers

Pakistan approves prices for 52 new life-saving medicines

PTI lawmaker claims Imran criticised party discipline

Hot and humid weather to persist in Karachi

Pakistan’s passport improves in global ranking

More Posts from this Category

Business

Wheat prices risen as high as Rs4,850 per 40 kilograms across Pakistan

Oil prices climb on Middle East tensions

Pakistan bonds slide after new Trump tariffs

US firm eyes Balochistan minerals, oil-gas projects in talks with Pakistan

Pakistan-origin Saadia Zahidi named first woman to head IATA

More Posts from this Category

World

Rare wave-like clouds amaze California skywatchers

India’s exam leak scandal shatters students’ dreams

US unveils visa curbs targeting cyber criminals

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.