SpaceX Secures $60B Option to Acquire AI Startup Cursor

SpaceX has secured the option to acquire AI startup Cursor for $60 billion, with the potential for a $10 billion investment in exchange for partial ownership.

The deal was announced as SpaceX prepares to go public, and marks the company's latest move in the rapidly growing AI space.

Cursor, which developed an AI coding tool, has reportedly been in talks to raise its own $2 billion round of funding at a valuation above $50 billion.

The acquisition would be subject to certain conditions and could potentially close later this year, with SpaceX committing to invest $10 billion in the company in the meantime.