SpaceX acquires AI startup Cursor

In a move that underscores the skyrocketing value of AI coding assistants, SpaceX has reached an agreement to acquire Cursor for $60 billion.

Microsoft reportedly explored a purchase of the firm but ultimately declined to make a formal bid, leaving the door open for Musk's aerospace giant.

The acquisition is expected to bolster SpaceX's internal software development and its broader push into artificial intelligence.

Analysts suggest this deal positions SpaceX as a major player in the AI infrastructure race, potentially rivaling established tech giants.