SpaceX Buys AI Startup Cursor for $60 Billion

SpaceX has announced its acquisition of AI startup Cursor for a staggering $60 billion, a move aimed at bolstering its enterprise offerings and competing more effectively against AI leaders like OpenAI and Anthropic. This significant investment follows SpaceX's recent IPO and was initially outlined in an April agreement, which included an option for acquisition or a substantial breakup fee. The deal is anticipated to finalize in the third quarter of 2026, signaling SpaceX's aggressive expansion into the AI sector and its strategic intent to capture a larger share of the lucrative enterprise market.