SpaceX Acquires Cursor for $60B

SpaceX just dropped a jaw-dropping $60 billion deal to acquire AI coding startup Cursor, aiming to supercharge its AI division tied to Elon Musk’s xAI and compete with tech giants. The move comes after SpaceX’s IPO and follows earlier signs of interest, including hiring Cursor’s top engineers and leasing data centers. Cursor, valued at $50 billion before this deal, was poised for a $2 billion funding round — a meteoric rise for a startup barely two years old. Meanwhile, xAI is in upheaval, with all co-founders gone by March and Musk admitting the project was built wrong the first time — amid Grok’s controversies. SpaceX is betting big on AI’s massive future, using its soaring stock to fuel this bold play. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bdb897e9b16cdf71