SpaceX Acquires AI Coding Startup Cursor for $60 Billion to Compete with Anthropic and OpenAI
Elon Musk's SpaceX has acquired San Francisco-based AI coding startup Cursor in a $60 billion all-stock deal, aiming to strengthen its position against rivals like Anthropic and OpenAI. The acquisition follows SpaceX’s successful IPO last week, which saw its stock rise by 20% and market cap reach $2.8 trillion.