Riding High After I.P.O., SpaceX Will Buy A.I. Start-Up for $60 Billion

SpaceX has exercised its option to acquire Cursor, the AI coding assistant, in an all-stock deal valued at $60 billion, days after its successful public offering. The acquisition consolidates significant AI development tooling under Elon Musk's expanding technology portfolio, which already includes xAI and its Grok model. The scale of the deal reflects both the continued froth in AI valuations and the strategic importance now assigned to developer-facing AI tools.