Days after IPO, SpaceX buys AI startup Cursor: 3 things behind Elon Musk’s $60 billion bet

SpaceX has acquired Cursor, the AI coding startup behind the popular code editor, for $60 billion in an all-stock deal, days after its record-breaking IPO. The move helps Elon Musk’s company close the gap with AI rivals Anthropic and OpenAI in the enterprise coding market, where Grok has lagged. Here are the three biggest reasons Musk spent $60 billion on Cursor, from compute to market share. SpaceX has acquired Cursor, the AI coding startup behind the popular code editor, for $60 billion in an all-stock deal, days after its record-breaking IPO. The move helps Elon Musk’s company close the gap with AI rivals Anthropic and OpenAI in the enterprise coding market, where Grok has lagged. Here are the three biggest reasons Musk spent $60 billion on Cursor, from compute to market share.