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Elon Musk's SpaceX has exercised a call option to acquire AI coding startup Cursor for $60 billion, according to an SEC filing.
Why it matters: This is the largest acquisition ever of a VC-backed startup, outside of when Musk self-dealt for xAI.
ROI: Cursor raised $3.38 billion since its 2022 founding, from firms like Thrive Capital, a16z, OpenAI Startup Fund, BoxGroup, Dorm Room Fund, Accel, DST Global, WndrCo, CRV, Coatue, Nvidia, Hanabi Capital, and Lauder Partners.
