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

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SpaceX announced the all-stock acquisition of AI coding platform Cursor for $60 billion, with the deal expected to close in the third quarter. The announcement comes two days after SpaceX's initial public offering and months after its merger with xAI. Cursor, a branch of Visual Studio Code with deep AI integration, was an early pioneer in AI-assisted coding but now faces competition from larger players.

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