SpaceX Acquires AI Startup Cursor for $60B

SpaceX agreed to buy AI coding startup Cursor in a $60 billion all-stock deal, days after its blockbuster IPO. The acquisition vaulted SpaceX past Amazon and Microsoft in market value as it pushes deeper into artificial intelligence.

The move is aimed at solving Elon Musk's AI problem and landing more enterprise customers.

SpaceX's post-IPO rally has raised concerns of a bubble, with its market capitalization briefly topping Microsoft's.