News Summary

• SpaceX said it has struck a deal with Cursor to develop a next-generation ‘coding and knowledge work AI’ The deal includes a surprising provision — an option to buy the popular software development platform for $60 billion later this year.
• Cursor was valued at just $2.5 billion in January of last year, climbed to $9 billion by last May, and was assigned a $29.3 billion post-money valuation in November.
• Last month, two of Cursor’s most senior engineering leaders, Andrew Milich and Jason Ginsberg, left the company to join xAI, where both report directly to Musk.