SpaceX secures option to buy AI startup Cursor for $60bn or partner for $10bn

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk's firm seeks foothold in the AI market

SpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.

Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction.