SpaceX is officially buying Cursor for $60 billion

Days after its massive IPO, Space X says it is spending $60 billion to buy Cursor - a bet designed to help Elon Musk's sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and Open AI. The takeover was not entirely unexpected: Space X announced a peculiar arrangement in April in which it agreed to either acquire the programming platform for $60 billion or pay a $10 billion breakup fee. The company had been holding off completing the deal while going public. In an SEC filing, SpaceX said it expects the deal to close during the third quarter of 2026. Musk has pr … Read the full story at The Verge.