Musk's SpaceX buys AI coding start-up for $60bn days after IPO (opens original article in a new tab)

SpaceX has agreed to acquire AI coding start-up Cursor for $60bn, with the deal expected to be completed by September. The purchase follows SpaceX's recent IPO and aims to strengthen its AI capabilities through Cursor's technology, which automates code writing for major companies.

• SpaceX agrees to buy AI coding start-up Cursor for $60bn
• Deal completed by end of September with SpaceX shares
• Cursor's AI technology automates code writing for major companies
• SpaceX's valuation based on future earnings potential