SpaceX has deal for right to acquire Cursor for US$60 billion

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SpaceX recently merged with xAI, Musk's artificial intelligence company, which competes with Anthropic and OpenAI in creating generative AI tools for consumers and businesses. The deal comes shortly after Musk said that xAI is behind on software coding tools compared with peers and vowed to rebuild the company from the ground up. In March, he ordered a round of layoffs. He's also been seeking engineering talent, and has previously hired from Cursor.