SpaceX completed its acquisition of AI coding startup Cursor for $60 billion in stock on August 14, 2026, making it the largest venture-backed acquisition on record. The deal, announced in June just days after SpaceX's blockbuster initial public offering, represents Elon Musk's most aggressive move to date to secure a foothold in the competitive AI coding agent market, where Cursor has emerged as the dominant force among professional developers.
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