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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

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