SpaceX To Acquire AI Coding Company Cursor For $60bn

Elon Musk’s SpaceX, fresh off its record-breaking IPO, told US securities regulators on Tuesday that it would acquire artificial intelligence coding startup Cursor at a valuation of $60 billion.

In a filing with the Securities and Exchange Commission (SEC), SpaceX said the all-stock deal was expected to close in the third quarter of this year and that Cursor would become a wholly owned…