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The SpaceX logo and a rising stock graph are seen in this illustration created on June 5, 2026. Dado Ruvic/Illustration
The SpaceX logo and a rising stock graph are seen in this illustration created on June 5, 2026. Dado Ruvic/Illustration
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SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports

July 7th, 2026 | 21:02 PM BUSINESS Media & Telecom 2

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By Reuters

SpaceXAI (SPCX.O) and Cursor plan to launch their first jointly developed AI model as soon ​as Wednesday, The Information reported, citing a memo sent ‌to staff.

The companies had pushed back plans to launch the model earlier this week in order to improve its efficiency, added the report published ​on Tuesday.

Advanced AI models are at the center of ​the AI boom and the new model is expected ⁠to process information quickly, making it competitive in some respects ​with Anthropic’s Opus 4.8 and OpenAI’s GPT 5.5, according to ​the report.

Cursor declined to comment when contacted by Reuters, while SpaceXAI did not immediately respond to a request for comment.

Reuters could not independently verify the ​report.

Elon Musk's SpaceX said in June it would buy Anysphere, ​the startup behind popular AI coding agent Cursor, in an all-stock deal worth $60 ‌billion ⁠to boost its presence in the lucrative enterprise AI tools market.

Cursor is a key competitor to Anthropic and OpenAI, but faces growth challenges due to a lack of access to computing power.

The ​acquisition is expected ​to give ⁠SpaceXAI, formerly known as xAI, a stronger hold in AI coding, which is proving to be ​an area with high revenue potential. XAI was acquired ​by ⁠SpaceX in February.

SpaceX also joined the Nasdaq-100 on Tuesday, less than a month after its stock market debut on June 12, making it ⁠among ​the fastest inclusions to the index thanks ​to the Nasdaq's revised rules for newly listed companies looking to enter widely ​tracked benchmarks.

  • Topic
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  • AI/ (UPDATE 2)
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