Cursor Acquired by SpaceX | Technology M&A Deal

SpaceX has acquired Cursor, a enterprise software business in California, for $60 billion. Cursor is an AI coding platform that automates software development workflows for enterprises, supporting code generation and developer productivity. SpaceX acquisitions in technology M&A aim to strengthen its strategic acquisition of AI developer tooling ahead of a potential IPO. The other acquisition is structured as an option-like arrangement, with an alternative $10 billion fee if SpaceX does not complete the Cursor acquisition, and the deal is announced with terms still subject to finalization.