$BTC $ETH $SPCXB Why did Elon Musk drop 60 billion USD on Cursor, even though he already has Grok?
xAI launched Grok Build 0.1, their first code-focused model, back in May 2026, but the product is still in public beta and hasn’t found its footing in the enterprise market.
Meanwhile, Cursor boasts about 7 million daily active developers and annual revenue exceeding 4 billion USD.
Acquiring Cursor gives xAI an instantly market-validated product, rather than spending years building from scratch.