Cursor has climbed to a $4 billion annualized revenue pace as it nears a deal that could place it under Elon Musk's SpaceX umbrella.

Elon Musk’s rocket and AI company is expected to acquire the buzzy AI coding startup shortly after it goes public.

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had secured an option to either acquire code-generation startup Cursor for $60…