SpaceX Secures Right to Acquire Cursor for $60 Billion

SpaceX has announced an arrangement that gives it the right to acquire the automated programming platform Cursor for $60 billion or pay a $10 billion fee for their collaboration on artificial intelligence. The deal was first reported The $10 billion alternative payment is framed as compensation for their joint AI work rather than a traditional breakup fee. CNBC and Bloomberg have reported that Elon Musk values his combined X companies at $1.25 trillion. CNBC also reported that Cursor was in the process of raising $2 billion in funding at a valuation of $50 billion.