
Tech
SpaceX Acquires AI Coding Startup Cursor for $60 Billion
The rocket company agreed to an all-stock deal for the AI coding agent maker days after its initial public offering.
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The rocket company agreed to an all-stock deal for the AI coding agent maker days after its initial public offering.

The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.

The aerospace company's record-breaking public listing has propelled founder Elon Musk into uncharted financial territory as the first person to reach a trillion-dollar net worth.

The rocket company is preparing for what is expected to be the largest initial public offering in history, with a roadshow slated to begin June 4.