SpaceX Eyes $60B Cursor Buyout

Elon Musk's SpaceX is positioning itself as a major player in the artificial intelligence sector with a potential $60 billion acquisition of Cursor.

The coding startup was on the verge of a $2 billion fundraise when SpaceX intervened with a multi-billion-dollar 'collaboration fee' and a path to a full buyout.

This move comes as Musk's own AI venture, xAI, reportedly struggles to keep pace with rivals in the rapidly evolving coding assistant market.

The deal would significantly broaden SpaceX's business scope ahead of its highly anticipated initial public offering.