Cursor and SpaceX: In search of a complete loop

Written after the April 2026 announcement that Cursor and SpaceX would co-develop coding and knowledge-agent models, with SpaceX holding the right to acquire Cursor for $60B or pay $10B instead. Kwok argues both companies sensed they were "falling out of orbit" — and that being a top AI lab in this wave requires owning both compute-and-models and the product-and-customer relationships, because the harness around the model is what trains the model toward where it needs to go. Anthropic with Claude Code is the company that hit on this meta first, he argues; everyone else is racing to assemble their own complete loop.