Elon Musk’s SpaceX has struck a deal for the right to acquire code-editing start-up Cursor for $60bn in an attempt to catch up with AI rivals months before the rocket maker’s initial public offering.
SpaceX said the companies were working together “to create the world’s best coding and knowledge work AI” and that it had an option to buy Anysphere, Cursor’s parent company, for $60bn this year.
If SpaceX decides not to proceed, it would pay $10bn “for our work together” — which would in effect be among the largest termination fees in history.
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