SpaceX acquires AI coding platform Cursor for $60 billion

SMRTR summary
SpaceX is acquiring AI coding tool Cursor in a $60B all-stock deal expected to close in Q3, building on an existing xAI partnership. The move follows Cursor's struggles to break even amid rising competition from Claude Code.
SMRTR provides this summary for quick context. The original article belongs to Ars Technica.
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