SpaceX buys AI coding startup Cursor for $60 billion

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk ‘s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week. SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to “work together” with the company. In a regulatory filing Tuesday, SpaceX said that Cursor will become a wholly owned subsidiary when the deal closes in the third quarter.