SpaceX to Acquire AI Startup Cursor for $60B

SpaceX announced a $60 billion all-stock acquisition of Anysphere, the startup behind the AI-powered coding app Cursor, just days after the rocket maker's record-breaking initial public offering.

The deal is structured to integrate Cursor's engineering talent and software capabilities into SpaceX's broader technology ecosystem, particularly benefiting Elon Musk's xAI venture.

SpaceX shares surged more than 14% on the news, pushing the company's market capitalization past $2.8 trillion and briefly above both Amazon and Microsoft.

The acquisition highlights SpaceX's rapid diversification beyond aerospace into cutting-edge artificial intelligence.