**SpaceX** to Acquire AI Coding Tool **Cursor** for **$60 Billion** in All-Stock Deal

SpaceX has announced it will acquire AI coding platform Cursor for $60 billion in an all-stock transaction, with the deal expected to close in the third quarter. The acquisition follows SpaceX's recent IPO by just two days and comes months after its merger with xAI. Cursor, which integrates large language models into a Visual Studio Code-based IDE, was among the first AI coding tools but now faces competition from larger platforms. The move signals SpaceX's push to compete with rival AI firms like Anthropic and OpenAI.