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Within days of its showy IPO, SpaceX (SPCX) has locked in a $60-billion deal to acquire up-and-coming AI coding agent Cursor.
The price tag exceeds what Elon Musk paid for Twitter. In fact, excluding the $1.25 trillion merger between SpaceX and xAI, it’s Musk’s largest acquisition to date.
SpaceX just raised $75 billion in the largest IPO in history. It could have bought almost anything. It bought a coding agent.
That choice tells you everything about where Elon Musk thinks the next phase of AI is headed.
