SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO (opens original article in a new tab)

SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, following its recent IPO and after previously announcing a partnership. The acquisition aims to strengthen SpaceX's AI division, which has faced controversies. Cursor was previously seeking $2 billion in funding at a $50 billion valuation.

• SpaceX agrees to acquire AI coding startup Cursor in $60 billion stock deal
• Deal follows SpaceX's recent IPO and comes months after initial partnership announcement
• Cursor was previously seeking $2 billion funding at $50 billion valuation