SpaceX buys Cursor for $60bn

SpaceX announced a $60 billion all-stock acquisition of AI coding startup Cursor, which will become a wholly owned subsidiary. The deal aims to combine Cursor’s software expertise with SpaceX’s Colossus AI supercomputer to develop advanced models, following a partnership agreement in April. Cursor, valued at $29 billion in its last funding round, specializes in AI-driven code creation for business applications.