What SpaceX’s Cursor Deal Says About xAI
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Elon Musk’s marketing pitch for the SpaceX IPO just got a bit complicated. SpaceX’s revelation Tuesday afternoon that it was working closely with Cursor, the once-dominant coding firm, and might buy it for $60B, raises new questions about the health of xAI, Musk’s AI startup that SpaceX acquired for $250B in stock in early February. What did SpaceX - and indirectly its shareholders - pay for? The main reason Musk would consider buying Cursor is because his own startup can’t catch up to industry leaders in coding.