SpaceX to acquire AI coding platform Cursor for $60 billion

SpaceX has agreed to acquire the AI coding platform Cursor for $60 billion in an all-stock deal, set to close in Q3, as SpaceX seeks to strengthen its position in enterprise AI services following its IPO and merger with xAI. Despite Cursor's significant revenue growth, it faced challenges competing with larger players like Anthropic and Google due to limited computational resources, while SpaceX lacked a competitive coding model; this acquisition aims to address these strategic weaknesses.