SpaceX nears deal with Cursor

Driving the news: Cursor, the original vibe coding startup, has raised more than $3 billion and has recently been in talks to secure additional funding.

• SpaceX acquired xAI, Musk's other AI startup, in February.

• That transaction valued the combined company at $1.25 trillion, according to the New York Times.

What we're watching: If the deal goes through, it could signal that SpaceX is willing to keep spending aggressively to bulk up on AI goodness before public investors get a say in its valuation.