SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO

SpaceX is acquiring Cursor for $60B in stock to support its struggling AI division, which it believes has a $26 trillion addressable market in AI. This deal comes after a recent blockbuster IPO. The acquisition is expected to boost SpaceX's AI capabilities. The exact details of the deal are not yet clear. The acquisition will likely impact the tech industry.