SpaceX to Acquire Cursor AI for $60 Billion to Bolster Coding Tools

SpaceX announced it will acquire Cursor, the AI coding startup behind a popular code-generation tool, for $60 billion in SpaceX stock, a move aimed at strengthening its AI toolbox amid competition from Anthropic and OpenAI; the deal is expected to close in Q3 after regulatory approvals, with Thrive Capital and other investors involved, and potential contingencies if the deal falls through.