SpaceX Acquires AI Startup Cursor for $60B

SpaceX agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, just days after the company's record-breaking IPO. The acquisition is intended to help SpaceX catch up with its AI rivals.

SpaceX's market capitalization surged to approximately $2.7 trillion, briefly surpassing both Amazon and Microsoft in market value.

The company's stock has climbed about 50% since its debut, with options trading shattering records.