SpaceX acquires Cursor for $60B to boost AI division

SpaceX is reportedly acquiring AI startup Cursor for $60 billion in stock, just days after its own blockbuster IPO. This strategic move aims to bolster SpaceX's nascent artificial intelligence division, which the company has identified as a significant growth area. SpaceX highlighted a massive $26 trillion addressable market in AI to its IPO investors, underscoring the strategic importance of this acquisition. The deal signifies SpaceX's aggressive push into the AI sector, seeking to leverage Cursor's technology and expertise to capture a substantial share of this burgeoning market.